Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»US Doj settles $ 500m with OKX affiliates for compliance issues.
EXCHANGE NEWS

US Doj settles $ 500m with OKX affiliates for compliance issues.

By Crypto FlexsFebruary 25, 20252 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
US Doj settles $ 500m with OKX affiliates for compliance issues.
Share
Facebook Twitter LinkedIn Pinterest Email

OKX Crypto Exchange, a subsidiary of the US Department of Justice (DOJ) and AUX CAYES FINTECH Co., Ltd. LTD. has reached an agreement of $ 500 million for the money transmission business without license.

Our doj Reach to settle OKX affiliate

OKX has reached more than $ 500 million, including $ 88 million punishment and about $ 421 million in US customers. Heavy settlements occur after OKX does not get the license needed to operate as a money transmitter in the United States.

According to DOJ’s survey, OKX is actively pursuing American customers, despite claiming that it has blocked US access since 2017. According to the survey, OKX staff advised users to provide false information about their position to avoid restrictions. The company also sponsored the Tribeca Film Festival and engaged in US advertising, such as promoting a way for US residents to access the platform using VPN.

DOJ did not emphasize the damage of customers, but this case emphasizes the serious legal and regulatory risks facing encryption exchange when operating across the border without following local laws.

“In recognition of this gap, we have voluntarily maintained compliance consultants in their own initiatives, solving problems, improving the overall compliance program, and planning to continue in this consultant and the future.

This agreement also shows the US authorities’ monitoring and execution measures aimed at the Cryptocurrency company.

OKX later took measures to solve these compliance issues, such as maintaining a compliance consultant that will help to improve future practices.

Also read: OKX connects the warning problem ‘BOM’ for malicious mining software to theft.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

CoinGecko was hit by a phishing scam.

January 11, 2024

New Binance CEO Promises Greater Transparency

November 27, 2023

Major Bitcoin miners spent $3.6 billion on infrastructure.

November 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.