OKX pleads guilty to unlicensed US transactions, hit with $504M penalty
Cryptocurrency exchange OKX's Aux Cayes FinTech Co. Ltd affiliate has admitted to processing over $1 trillion in transactions for US customers without a license.
Operator of OKX crypto exchange enters guilty plea, to pay more than $504 million, US says
The operator of the OKX cryptocurrency exchange pleaded guilty on Monday to violating U.S. anti-money laundering laws by operating an unlicensed money transmitting business, and agreed to pay more than $504 million in penalties,
OKX Operator Fined US$505M, Pleads Guilty to U.S. Anti-Money Laundering Violations
The OKX money laundering case led to a $505M fine for AML violations, highlighting crypto exchange compliance risks.
OKX Pleads Guilty, Pays $500 Million for Illegally Serving US Customers
Crypto exchange OKX has agreed to settle a DOJ investigation by paying over half a billion dollars after U.S. customers used its platform.
OKX Faces $505 Million Penalty for Unlicensed U.S. Operations
Aux Cayes FinTech Co., the operator of the cryptocurrency exchange OKX, has pleaded guilty to operating an unlicensed money-transmitting business in the United States and agreed to pay approximately $505 million in fines and forfeitures.
OKX Settles U.S. DOJ Charges, Pays Over $500M Penalty and Forfeiture
Aux Cayes FinTech Co. Ltd., an OKX affiliate, is the specific party that settled with the U.S. Department of Justice, paying over $500 million in penalties and forfeited fees, a press release said.
OKX pleads guilty to money transmitter charge, pays $500 million fine
Cryptocurrency exchange OKX pled guilty in federal court to failing to prevent criminals from using its services, agreeing to pay $504 million in penalties. Why it matters: It's a sign that, despite a friendlier stance toward the crypto industry from the new administration,
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Breaking: OKX Pays $84 Million to Settle US DOJ Probe
OKX Exchange has settled its ongoing investigation with the US Department of Justice (DOJ) as it paid over $84 million to ...
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OKX Seychelles Settles with U.S. DOJ, Pays $84M Fine
OKX Seychelles settles with U.S. DOJ, paying $84M fine while enhancing compliance, security, and transparency to strengthen ...
US Says OKX Crypto Exchange Operator Enters $505 Million Guilty Plea
(Reuters) - The operator of the OKX cryptocurrency exchange pleaded guilty on Monday to violating U.S. anti-money laundering ...