Crypto exchange OKX has denied that it is under investigation by European Union (EU) regulators regarding its involvement in laundering approximately $100 million from the Bybit hack. A Bloomberg report indicated that EU national watchdogs discussed this matter during a meeting on March 6. They are particularly focused on OKX’s decentralized finance platform and wallet service which, according to Bybit's CEO Ben Zhou, had hosted laundered funds linked to the hack. OKX has secured a license to operate across all EU member states, raising questions about whether its services fall under the new Markets in Crypto-Assets (MiCA) regulatory framework. OKX states that there are no ongoing investigations and accuses Bybit of spreading misinformation. The hack was one of the largest in crypto history, involving a North Korean hacking group, with only a portion of the stolen funds presently traceable. OKX's wallet service has expanded significantly, boasting over 53 million addresses.

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