| OKX Crypto
Exchange Pleads Guilty to
Unlicensed Money Transmittal for
$84M Fine
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
Feb 24 – The crypto
exchange OKX pled guilty on
February 24 before U.S.
District Court for the
Southern District of New York
Judge Katherine Polk Failla.
Inner City Press was there,
thread:
Judge
Failla: OKX is waiving its
rights and won't raise venue.
The maximum fine is $375
million. The company pleads
guilty.
Officer: OKX
Seychelles admits that some of
its customers resided in the
US and we did not register as
a money transmitting business,
we are sorry.
Judge: I accept
the guilty plea
[Corporate
response by email mid
proceeding]: "Matthew, in your
tweet: 'OKX crypto exchange..
in violation of anti-money
laundering laws'- The offense
the company is pleading to is
not an anti-money laundering
law." Noted - that's SDNY's
language. OKX seems to sponsor
Tribeca Festival
Judge: The fine
is $84 million
The case is USA
v. Aux Cayes Fintech Co. Ltd.,
1:25-cr-69 (Failla)
***
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