Okx has Let’s come back refused That European regulators examine its web3 service for having allegedly allowed the Bordeaux pirates to launder $ 100 million in stolen funds.
A recent Bloomberg News report said That the authorities analyze the potential market violations in the crypto-sets (MICA) Regulation by OKX and debate sanctions, in particular the revocation of the authorization of the exchange of the exchange.
Regulatory control complaints
According to Bloomberg, the regulatory authorities evaluate whether the OKX web3 platform is the scope of Mica.
Some officials argue that the integration of OKX of web services in its main exchange and its conditions of use make it subject to the requirements of compliance of Mica.
The article also said that the authorities are considering potential sanctions following the laundering of the stolen funds from Bybit via the decentralized OKX services.
OKX called the deceptive article and said he was not under investigation in the EU. He also stressed that Its web3 service is a “self-co-hut service service / swap service which serves as an aggregator to create efficiency for users”.
OKX also discussed the allegations by detailing the measures taken as a result of the bybit hacking.
Okx reply to hacking
According to the exchange, he implemented two immediate measures when the security violation occurred.
The first was the freezing of the associated funds which entered its centralized exchange, while the second developed a functionality to block the addresses linked to the attack on the use of its decentralized services.
The exchange also noted that he had helped the parbit to follow and alleviate the movement of stolen assets.
Star XU, CEO of OKX, criticized the treatment of the situation by Bybit, attributing the violation of security to Bybit vulnerabilities rather than the whole gap on OKX. He said:
“I do not understand why Bybit continues to make this ridiculous statement without showing the understanding of the basic facts on self-to-the-treatment technology. In fact, Bybit built its own web3 portfolio and its DEX base using our Wallet / Dex API. »»
Ticket hacking occurred while the exchange was Move nearly $ 1.5 billion For Ethereum (ETH) to a cold wallet using the SAFE multi-signature service.
However, a Compromise laptop of the safe developer Pirates allowed to inject malicious software into the portfolio interface, which results in appeal Transfer funds to the portfolios of bad players.
XU also detailed the actions taken by OKX to help Bybit, explaining that the response team of the exchange forces of the exchange established a direct communication channel with Bybit, and that its legal team was in direct contact with the lawyers of Bybit.
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