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OKX Catches Crypto Regulators’ Eye Following Bybit Hack

  • European cryptocurrency regulators are examining the OKX exchange following a record heist.
  • The issue was discussed by regulators at a meeting of the European Securities and Markets Authority’s Digital Finance Standing Committee.
  • Regulators are focusing on OKX’s Web3 service to determine its coverage under the EU’s new Markets in Cryptoassets regulations.
  • Bybit, the victim of a $1.5 billion theft, reported that the stolen crypto was laundered through the Web3 platform.

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