Summary
- OKX announced that it has agreed to pay a fine of $84 million through a settlement with the US Department of Justice.
- OKX Seychelles admitted to unauthorized money transmission charges and agreed to forfeit $420 million in US fee revenues.
- This settlement is expected to be a crucial turning point for the company's US expansion plans.
Cryptocurrency exchange OKX has decided to settle with the US Department of Justice (DOJ).
On the 25th, OKX announced through its official website that its subsidiary OKX Seychelles has agreed to pay a fine of $84 million to the US Department of Justice, pleading guilty to charges of unauthorized money transmission in the United States.
OKX acknowledged that it operated without a money transmitter license and agreed to forfeit fee revenues ($420 million) generated from US customers during the relevant period.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
