#Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, OKX is reportedly under scrutiny from European Union regulators for allegedly facilitating the laundering of funds from the Bybit hack. Meanwhile, analysts warn that Ether’s price could face further declines as ETF outflows and mounting macroeconomic concerns put pressure on the market. Additionally, Mt. Gox has made its second Bitcoin transfer in a week

European Union regulators are reportedly looking into a service offered by crypto exchange OKX that may have played a role in the laundering of $100 million in funds from the Bybit hack, according to Bloomberg.

A March 11 Bloomberg report citing people familiar with the matter claims that national watchdogs from the EU’s member states discussed the issue during a March 6 meeting hosted by the European Securities and Markets Authority’s Digital Finance Standing Committee. The issue appears to be OKX’s decentralized finance platform and wallet service.

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