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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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

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