Crypto exchange OKX has issued a statement denying reports of an investigation into their Web3 services by European regulators.
Denial of Allegations
OKX has categorically denied allegations from a Bloomberg report, stating there are no investigations by European authorities into their Web3 services. In a statement on platform X, the company emphasized its strict compliance protocols and proactive measures to prevent illicit activities on its platform.
The Role of Self-Custody Technology
OKX CEO Star Xu underscored the importance of self-custody technologies and decentralized services in the Web3 ecosystem. Xu rejected claims of facilitating the laundering of stolen funds, highlighting that Bybit employs OKX's API services for its products.
Ensuring Security and Industry Support
Following Bybit’s cyberattack, OKX actively engaged with their legal and technical teams, offering technical support and developing new systems to track hacker addresses. OKX confirmed freezing funds related to the hack that were transferred to its centralized exchange.
OKX continues its operation in alignment with global standards and invites regulators to engage in constructive discussions about Web3 regulations.
