OKX, ranking as the third-largest cryptocurrency futures exchange globally, has come under scrutiny by South Korea's Financial Intelligence Unit.

The organisation is probing allegations of illicit conduct, including operations that were not disclosed in accordance with regulatory requirements and promotional strategies that have raised eyebrows regarding their legality.

This inquiry places OKX in a challenging position, spotlighting the stringent oversight facing cryptocurrency exchanges concerning compliance and operational transparency.

The investigation underscores the broader regulatory push to ensure cryptocurrency platforms operate within the legal frameworks, aiming to protect investors and maintain market integrity.