{"id":151926,"date":"2025-02-25T21:00:08","date_gmt":"2025-02-25T19:00:08","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151926"},"modified":"2025-02-25T16:26:08","modified_gmt":"2025-02-25T14:26:08","slug":"okx-agrees-to-500m-settlement-over-u-s-regulatory-violations","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/okx-agrees-to-500m-settlement-over-u-s-regulatory-violations\/","title":{"rendered":"OKX Agrees to $500M Settlement Over U.S. Regulatory Violations"},"content":{"rendered":"<p data-start=\"0\" data-end=\"317\">This includes $84 million in <strong><a href=\"https:\/\/www.justice.gov\/usao-sdny\/pr\/okx-pleads-guilty-violating-us-anti-money-laundering-laws-and-agrees-pay-penalties\" target=\"_blank\" rel=\"nofollow\">penalties<\/a><\/strong> and $421 million in forfeited fees collected from U.S. users, as part of an enforcement action by the U.S. Department of Justice (DOJ).<\/p>\n<p data-start=\"319\" data-end=\"694\">The investigation revealed that the company failed to obtain the necessary license to operate as a money transmitter. OKX stated that it has since removed all affected U.S. users and emphasized that no allegations of direct customer harm were made.<\/p>\n<p data-start=\"319\" data-end=\"694\">In response to compliance shortcomings, the company voluntarily engaged a consultant to strengthen its regulatory adherence.<\/p>\n<p data-start=\"696\" data-end=\"890\">FBI Assistant Director in Charge James E. Dennehy criticized OKX for deliberately sidestepping U.S. regulations, accusing the company of facilitating illegal transactions that went undetected.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-plunges-below-90k-as-crypto-market-sees-1-36b-in-liquidations\/\" title=\"Bitcoin Plunges Below $90K as Crypto Market Sees $1.36B in Liquidations\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-bitcoin-red-1-1-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Plunges Below $90K as Crypto Market Sees $1.36B in Liquidations<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p data-start=\"892\" data-end=\"1257\">Although OKX has officially prohibited U.S. customers from using its platform since 2017, the DOJ claims the exchange still pursued business in the country. Reports suggest that employees instructed users to bypass restrictions by falsifying their location information, with one example citing a recommendation to enter a random country and fabricated ID details.<\/p>\n<p data-start=\"1259\" data-end=\"1546\" data-is-last-node=\"\" data-is-only-node=\"\">Further scrutiny arose from OKX\u2019s marketing efforts in the U.S., including sponsorship of the Tribeca Film Festival. Authorities claim that users were encouraged to register through VPNs to mask their real location, with promotional materials even providing instructions on how to do so.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OKX\u2019s affiliate, Aux Cayes FinTech Co. Ltd., has agreed to a settlement with U.S. authorities, committing to a payment of over $500 million.<\/p>\n","protected":false},"author":9,"featured_media":143595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-151926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OKX Agrees to $500M Settlement Over U.S. Regulatory Violations<\/title>\n<meta name=\"description\" content=\"OKX\u2019s affiliate, Aux Cayes FinTech Co. Ltd., has agreed to a settlement with U.S. authorities, committing to a payment of over $500 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/okx-agrees-to-500m-settlement-over-u-s-regulatory-violations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OKX Agrees to $500M Settlement Over U.S. Regulatory Violations\" \/>\n<meta property=\"og:description\" content=\"OKX\u2019s affiliate, Aux Cayes FinTech Co. 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