Capitalizing on the opportunities of the growing DeFi ecosystem, OKX Ventures undertook an investment in Momentum, a DEX on the Sui blockchain. Announced on June 6, the announcement situates Momentum as a fast-rising star within the Sui realm, providing deep liquidity and very efficient trading opportunities. Founded in 2022, Momentum
As more governments are focusing on crypto regulation, scrutiny over existing crypto firms is also increasing. The Thailand SEC has decided to block multiple exchanges from operating in the country for violating its laws. Among them, Bybit and OKX are the top exchanges, the former being the second-largest crypto exchange
Crypto exchange OKX has officially launched OKX Pay, a new in-app feature aimed at simplifying cryptocurrency payments and self-custody. This move is part of OKX’s larger mission to drive the mainstream adoption of digital assets and Web 3.0 technologies. Initially rolling out in select markets, OKX Pay enables users to
In the last 24 hours, the overall crypto market has shown modest price dips, causing investors to let out sighs of frustration. Bitcoin has reversed its position to the $83K level yet again. This has also affected the altcoin market, as prices showed modest drops. However, particular altcoins continued to
Crypto wallet provider Phantom is facing legal trouble after a group of investors, led by attorney Thomas Liam Murphy, filed a lawsuit accusing the company of serious security failures. The complaint, filed on April 14 in New York, claims a flaw in Phantom’s browser extension led hackers to steal over
The recent collapse of MANTRA DAO’s (OM) token has stirred controversy across the crypto space, but none more forcefully than the reaction from OKX CEO, who labelled the event a “big scandal to the whole crypto industry. ”With $OM losing over 90% of its value within hours on April 13,
Malta’s Financial Intelligence Analysis Unit (FIAU) has imposed a $1.2 million fine on OKX’s local subsidiary for breaching the island nation’s anti-money laundering (AML) regulations. The penalty comes after an onsite compliance check held in April 2023, which revealed a number of breaches—some of which were considered serious and systemic,
OKX exchange made an elaborative post regarding its proactive measures against security threats. It temporarily suspended its DEX aggregator services to improve its features. In response to the security threats from Bybit hacker Lazarus Group and media platforms, OKX is taking steps towards robust security, along with a hacker detection
One of the top crypto exchanges, OKX made it to the headlines today for operating an unlicensed business. It agreed to pay around $505 million worth of fines for violating US anti-money laundering rules. Most of these violations occurred from 2018 to 2024. As per the recent report published by
OKX has secured a MiCA license, enabling it to expand its crypto services across 28 European Economic Area (EEA) nations. This approval positions OKX among the first global exchanges to operate under the Markets in Crypto-Assets (MiCA) framework, providing a unified regulatory approach in Europe. With its regulatory hub in
