European Union regulators have been reported looking for a service offered by the Crypto Exchange OKX that may play a role in laundering of $ 100 million in funds from Bybit Hack, according to Bloomberg.
A report of March 11 Bloomberg cited People familiar with the matter say the national guardians from EU member states discussed the issue at a meeting of March 6 -posting by European Securities and Markets Authority’s Digital Finance Standing Committee. The issue appears to be the decentralized OKX finance platform and the wallet service.
On January 27th, OKX announced that it was securing a Full Crypto-Assets License market (MICA) To work with all EU member states under a regulatory framework. The question for EU regulators is if the two OKX services fall under the MICA framework and, then, if the exchange is punished.
According to In bybit CEO Ben Zhou, about $ 100 million, or 40,233 ether (Eth), out of the $ 1.5 billion hack has been -laundered by the OKX’s web3 proxy, with a portion of funds that is now unreliable.
The OKX purse service reaches 53 million addresses and is connected to 100 blockchains. Fully decentralized platform may exempt from MICA regulationBut according to the Bloomberg report, regulators from at least Austria and Croatia said the OKX web3 service should fall under EU policies.
Related: Bybit hacker launders 100% of the stolen $ 1.4B crypto in 10 days
OKX has rejected the investigation into the EU
In a statement Na -Post In X, OKX denied claiming that there was any ongoing EU investigation, adding that “Bybit states are spreading misinformation” and defending its web3 wallet services.
Source: Okx
Haider Rafique, Chief Marketing Officer of OKX Global, added His own acquisition: “We talked to Bloomberg today and gave our statement rejecting some of the alleged claims. It is very good to suggest that we as a company are involved in the laundering of stolen funds.”
The Stealing $ 1.5 billion on tokens related to ETH From Bybit is the largest crypto hack to the present. Crypto investigators said the Lazarus Groupa hacking ring in North Korea, is responsible for attacking. According to Zhou, who expressed war in the Lazarus group After the hack, 3% of stolen funds frozen, while 20% became dark.
Magazine: Lazarus Group’s favorite exploitation is revealed – Crypto hacks review
