The regulators of the European Union would have studied a service offered by Crypto Exchange OKX which could have played a role in the whitening of $ 100 million in bybit piracy funds, according to Bloomberg.
A Bloomberg report on March 11 citing people familiar with the case says that national childcare dogs of the EU member states discussed the issue at a meeting on March 6 organized by the Digital Finance Committee of the European Securities and Markets Authority. The problem seems to be the OKX decentralized financing platform and the portfolio service.
On January 27, OKX announced that he had obtained a complete license in the Crypto-Asets (MICA) markets to operate in all EU member states in a unified regulatory framework. The question of EU regulators is whether two OKX services are the Mica framework and, in the affirmative, if the exchange could be penalized.
According to the CEO of Bybt, Ben Zhou, nearly $ 100 million, or 40,233 ether (ETH), piracy of $ 1.5 billion had been bleached by the OKX web3 proxy, with part of the funds now not found.
OKX’s portfolio service has reached 53 million addresses and is able to connect to 100 blockchains. Completely decentralized platforms can be exempt from mica regulations, but according to the Bloomberg report, regulators of Austria and Croatia have said that the OKX web3 service should fall under EU rules.
In relation: Bybit Hacker Launders 100% of the stolen crypto of $ 1.4 billion in 10 days
Okx denies the EU investigation
In a statement published on X, OKX refuted the complaint that there have been current investigations by the EU, adding that “Bybit’s declarations distribute disinformation” and defend its web3 portfolio services.
Source: Okx
Haider Rafale, director of marketing at OKX Global, added his own opinion: “We talked to Bloomberg today and provided our declaration to refute some of the alleged allegations. It is absurd to suggest that we, as a business, we involve in the laundering of stolen funds. »»
The flight of $ 1.5 billion of Eth and Ethbit Ethbit chips is the largest cryptography hack to date. Crypto investigators said the Lazare group, a North Korean piracy ring was responsible for the attack. According to Zhou, who declared war on the Lazare group after hacking, 3% of stolen funds were frozen, while 20% became dark.
Review: The favorite feat of the revealed Lazarus group – Analysis of cryptographic hacks
