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

CoinGape LogoCoinGape21h ago

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

Quick Summary:

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.

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Bybit Hack: EU Probes OKX Over $100M Laundered via Web3 Platform - CoinGape (Picture 1)

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 16:07:56 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26895966

View Article Analysis

About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 26 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions

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The story "Bybit Hack: EU Probes OKX Over $100M Laundered via Web3 Platform" has 406 words across 35 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Bybit Hack: EU Probes OKX Over $100M Laundered via Web3 Platform" was covered 21 hours ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 26 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #26895966
  • URL: https://beamstart.com/news/bybit-hack-eu-probes-okx-17417094914730

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