Cryptocurrency exchange OKX has hired former New York Governor Andrew Cuomo to help during a federal investigation. The company pled guilty to several violations and agreed to pay $505 million in fines. Cuomo advised OKX executives on legal matters related to the probe.
- OKX operated without a license from 2018 to 2024.
- The company will pay $84 million in penalties.
- They forfeited $421 million in fees from clients.
- Cuomo recommended appointing Linda Lacewell as OKX's chief legal officer.
| Fact | Details |
|---|---|
| Fines Paid | $505 million |
| Time Period of Violations | 2018 to 2024 |
| Recommendations | Linda Lacewell hired |
