Big news in the world of cryptocurrency! OKX, a company that lets people buy and sell crypto, had to pay a big fine. It's like getting a ticket for breaking the rules, but much, much bigger.
- OKX admitted to letting some US customers use its services even though it wasn't allowed.
- They had to pay $505 million in penalties!
- This is a big deal because it shows that governments are watching how crypto companies work.
| Fine Amount | Forfeited Fees | Reason |
|---|---|---|
| $84 million | $421 million | Operating an unlicensed money business. |
This is a reminder that cryptocurrency rules are important. OKX says it's working hard to follow all the rules from now on.
