Exchange
EU Probes OKX Over $100M Laundered via Web3 Platform

European regulators are investigating OKX after hackers used its Web3 platform to launder approximately $100 million in stolen crypto from the ByBit hack. Authorities are assessing whether the platform falls under the Markets in Cryptoassets (MiCA) regulations and whether penalties should be imposed. The scrutiny follows a broader discussion among national watchdogs about the oversight of crypto exchanges under the new EU framework.