Using biochar for dye wastewater treatment is attracting interest due to its excellent adsorption properties and low costs. In this work, a novel biochar derived from oxytetracycline fermentation residue (functionalized OFR biochar, FOBC) was investigated as a efficient adsorbent for typical dyes removal. At 25 °C, the maximum adsorption capacity calculated by Langmuir model of FOBC-3-600 for methylene blue (MB), malachite green (MG), and methyl orange (MO) reached 643.97, 617.89, and 521.03 mg/g, respectively. The kinetics and isotherm model fitting showed that the chemisorption and physisorption both occurred during the adsorption process. Dyes were efficiently adsorbed through pore filling, electrostatic attraction, π-π interactions, and surface complexation. And the cycling experiment and environmental risk assessment indicated that the FOBC-3-600 had excellent recyclability and utilization safety. Overall, this study provides a practical method to simultaneously treat the dyeing wastewater and utilize the antibiotic fermentation residue.