OKX cryptocurrency exchange fined $1.2M by Malta regulator for previous AML violations.

Cryptocurrency exchange OKX is facing increased regulatory scrutiny in Europe following a significant fine issued by Maltese authorities for violations of Anti-Money Laundering (AML) laws.

Malta’s Financial Intelligence Analysis Unit (FIAU) imposed a fine of 1.1 million euros ($1.2 million) on Okcoin Europe, OKX’s Europe-based subsidiary, after uncovering multiple AML failures on the platform in the past, according to an announcement made by the authority on April 3.

Although OKX has made significant improvements to its AML policies over the last 18 months, the FIAU notice stated that it could not overlook past compliance failures from 2023, some of which were considered serious and systematic.

OKX was one of the first cryptocurrency exchanges to secure a license under Europe’s new Markets in Crypto-Assets (MiCA) regulation through its Malta hub in January 2025.

The news of the $1.2 million penalty in Malta surfaced after a report by Bloomberg in March revealed that European Union regulators were investigating OKX for allegedly laundering $100 million in funds from the Bybit hack.

Bybit CEO Ben Zhou alleged that hackers were able to launder around $100 million, or 40,233 Ether (ETH), from the $1.5 billion hack that took place in February through OKX’s Web3 proxy.

This is an ongoing development, and more information will be provided as it becomes available.

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