OKX Settles with DOJ, Pays Over $500 Million in Penalties
- OKX’s affiliate, Aux Cayes FinTech Co. Ltd, settled with the U.S. Department of Justice.
- The company will pay over $500 million in penalties for illegal operations.
- OKX pleaded guilty to serving U.S. customers without a money transmitter license.
- A criminal forfeiture of $420.3 million was agreed upon, representing fees from U.S. customers.
- An additional $84.4 million criminal fine will be paid by OKX.
OKX has agreed to pay over $500 million in penalties after pleading guilty to operating without a money transmitter license and violating anti-money laundering laws, including a $420.3 million forfeiture and an $84.4 million fine.
Source (2.6)https://decrypt.co/307554/okx-pleads-guilty-500-million-us-customers?rand=52368
