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.
OKX pleads guilty, pays $505M in penalties to settle DOJ charges
Aux Cayes FinTech Co. Ltd, the operator of the cryptocurrency exchange OKX, has pleaded guilty to operating an unlicensed money-transmitting business in violation of US Anti-Money Laundering laws, and has agreed to pay over $500 million worth of penalties to resolve the matter.
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 laws by operating an unlicensed money transmitting business, and agreed to pay more than $504 million in penalties, federal prosecutors said.
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 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.
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 regulators
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 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 regulatory trust.
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 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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OKX Operator Pleads Guilty Over AML Violations, Agrees to Pay $505M in Fines
Aux Cayes FinTech Co, pleaded guilty to one count of unlicensed money transmitting business on Monday. The company, which operates one of the largest crypto exchanges OKX, still has operations in ...
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OKX settles U.S. violations with $500 million penalty
OKX admitted that past compliance failures allowed certain U.S. customers to trade on its global platform, despite regulations prohibiting it ...