OKX clarifies: Web3 wallet service is not investigated by EU regulators

Odaily News OKX responded to the EU regulator's review of its Web3 service on social media, saying, "The Bloomberg article is misleading. Like all other major cryptocurrency trading platforms, OKX provides self-custodial wallet services/exchange functions, acting as an aggregator to create efficiency for users. When Bybit was hacked, we responded in two ways: freezing the relevant funds entering CEX; developing a new feature that can detect and block hacker addresses from using our DEX or wallet services. Bybit's statement spread misinformation among reporters. OKX clarified to the community: OKX is not under investigation; this is just a case of Bybit's lack of security knowledge; our Web3 wallet service is no different from the services provided by other industry participants."