OKX Rejects Bybit’s Claims and Denies EU Regulatory Investigation
OKX has refuted claims by Bloomberg that EU regulators are investigating its involvement in the Bybit hack, describing the report as misleading. Key points include:
- OKX is not under investigation and emphasizes its compliance with financial regulations, having acquired a MiCA license to operate in the EU.
- The exchange played an active role in freezing stolen funds related to the hack.
- Bloomberg’s report suggested that European authorities are evaluating OKX's Web3 services for potential violations of MiCA regulations concerning sanctions against North Korea.
- Bybit CEO Ben Zhou stated that approximately 8% of the stolen funds, around $100 million, passed through an OKX wallet.
- OKX criticized Bybit for inadequate security measures, implying that the breach stemmed from their vulnerabilities.
- While no criminal probe is reported, a confidential group of watchdogs is discussing the matter, leading to speculation that has placed OKX in a difficult position.
OKX maintains that its intention was to assist Bybit, not to attract regulatory scrutiny.