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Bybit Hack: EU Probes OKX Over $100M Laundered via Web3 Platform

Bybit Hack: EU Probes OKX Over $100M Laundered via Web3 Platform
European regulators are looking into OKX, a cryptocurrency platform, after hackers used its Web3 platform to launder around $100 million in stolen cryptocurrency from a separate hack on ByBit. Authorities are evaluating if the platform complies with the regulations for cryptoassets and considering imposing penalties. This investigation is part of a larger conversation among national watchdogs about the supervision of cryptocurrency exchanges within the new EU framework.

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