The cryptocurrency exchange OKX has agreed to pay over half a billion dollars to settle an investigation by the U.S. Department of Justice. The company admitted to wrongdoing by serving U.S. customers without a money transmission license and violating anti-money laundering laws. OKX will pay a fine of $84.4 million and forfeit $420.3 million obtained from American users. The investigation revealed that the exchange facilitated illegal transactions, violating U.S. regulations.
2/25/2025 11:18:28 AM (GMT+1)
OKX has agreed to pay over $500 million due to violations of U.S. laws by serving customers without a license and failing to comply with anti-money laundering requirements
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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