OKX denied the accusations it is being investigated by authorities on its official X account. The exchange reportedly faces penalties including losing its MiCA license, which it received in February
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OKX could lose MiCA license as EU probes use of its Web3 tools to launder Bybit hack funds: report
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OKX denied being under EU investigation for its decentralized trading and self-custodial wallet services being used for laundering funds from the 1,5bn USD Bybit hack, stating on its official X account that the reports are misleading
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Under MiCA, an exchange that fails to implement effective systems to prevent money laundering or commits other serious violations faces penalties, including the potential revocation of its MiCA license
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