“An OKX Subsidiary SAID IT resolved a US doj Investigation.”, – WRITE: www.coindesk.com
Aux Cayes Fintech Co. Ltd., An Okx Affiliate, Is The Special Party Setted with The US Department of Justice, Paying Over $ 500 Million in Penalties and Forfeited Fees, A Press Release Said.
Okx failed to secure a Money Transmitter License, The Exchange SAID, WITHOUT DETAILING WHICH STATE OF THE LICENSE MIVE BEEN Issued from. A doj Press Release SAID “OKX SOUGHT OUT Customers in the United States, Including in the Southern District of New York.”
A person Familiar with the situation told the coindesk that the following settlement resolved allegations of Fraudulent and non-com-comlialant activities at the exchange that took in Past Place in Past Years.
The Doj’s Press Release SAID OKX Facilitated More Than $ 5 Billion in “Suspicious Transactions and Criminal Proceeds,” City Acting Ustorney Matthew Podolsky.
Okcoin, The American Division of Okx, ALSO RECEIVED A SUBPOENA Issued by the Commodity Futures Trading Commission (CFTC) On Feb. 24 Last Year. Coindesk Saw The Cover Page of the Subpoena, Which Refers to “Certain Persons Engaged in Fraud and Other Unlawful Conduct with Respect to Digital Asset Transactions.”
A Second Person Said the CFTC Probe Into Okcoin Relates to Last Year’s Flash Crash of the Exchange’s Native’s Native Token Following the Sudden Drop in the Price of The OKB Token on Jan. 23, 2024. Okx told USers they would be compensated for losses resulting from the crash.
An Internal Document Circulated to Okx Staff in January 2024 Highlights “A New Ethics and Compliance Helpline to Provide a Confidential and Secure Space for You To Bring Up Concens Conduct, Policy Violations or Suspected Illegal Behavior. ”
Okx Representatives Did not immedialate respond to requost for comment. A CFTC SPOKSPERSON DECLINED TO Comment.
Update (Feb. 24, 2025, 21:35 UTC): Adds Additional Information.
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