OKX dissolves the investigation of the DOJ examination to expire $ 421 million
OKX dissolves the investigation of the DOJ examination to expire $ 421 million
- okx is guilty about the operation of non -licensed money transfer business.
- Exchange to pay a fine of $ 84 million and to have earned 421 million US dollars in fees from US customers.
- The stock exchange approves the penalties according to an investigation by the Ministry of Justice.
Crypto Exchange OKX is 421 million US announced on February 24th.
According to OKX, his partner Aux Cayes Fintech Co. Ltd. After an investigation of the company's business activity, an agreement with the US Ministry of Justice reached. Okx is guilty of working as a not licensed money about the money.
In particular, the OKX platform has recognized that gaps for the Legacy Compliance may have acted a number of US customers on the global platform of the Exchange.
We worked with the US judicial department to thoroughly examine our business. We had a small percentage of customers who were able to use our international services due to historical compliance gaps. Today our compliance controls are one of the leaders in the… pic.twitter.com/sg1b2gc4we
- Okx (@OKX) 24. February 2025
While the Doj did not claim customer damage and had not charged OKX employees, the company agreed to solve the matter by paying and deserving fees.
"To solve the problem, the company agreed to pay a penalty of 84 million US dollars and fees of these US customers in the period, which was around 421 million US dollars, a majority of which comes from a few institutional customers," wrote in an update.
okx worked with the Doj during the examination and agreed to the solution.
"The resolution is a decisive step in the ongoing commitment of the company for compliance excellence, deeper regulatory cooperation and industry-wide integrity in relation to the development of the crypto sector. This settlement reflects growth and positions against OKX to continue to work with supervisory authorities and to develop solutions that benefit our customers and the cryptoma market as a whole," said the Exchange in the blog " -Contribution fixed.
In the middle of the search for compliance, transparency and user security, says OKX, it takes "full responsibility for previous defects". The company undertakes to offer its users a safe, compliant and trustworthy platform, whereby these efforts contribute to promoting the further crypto acceptance.
In particular, the settlement of the OKX comes with the Doj when the US crypto regulatory landscape becomes increasingly pro-crypto. In the past few days, the Securities and Exchange Commission has ended its investigation into Robinhood and OpenSea.
Crypto Exchange Coinbase also announced that the supervisory authority had agreed to reject their lawsuit against the company.
Source: Coinlist.me
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