On Monday at the US Boycott in Manhattan, the currency trading company approved on charges of working as unlicensed money to send business in the United States while searching for customers in New York and other states.
In his approval of guilt, the OKX, which the government described as one of the largest encryption companies in the world, agreed to pay $ 504 million of fines and penalties. The company still has operations in the United States.
Financial companies, including coding exchanges, which operate in the United States registration for federal organizers as a money transfer company in order to comply with anti -money laundering laws.
Federal prosecutors said that OKX stically violated this condition for years.
“For more than seven years, OKX deliberately violated the anti -money laundering laws and avoid implementing the policies required to prevent criminals from misuse of our financial system,” said Matthew Podolski, an American lawyer in the southern region of New York in Manhattan.
The guilt was approved by the court by Christina Ding, the company’s headquarters in Hong Kong, according to its personal file, LinkedIn. “We are deeply regretted,” said Ms. Deng, reading from a statement prepared before the local local court judge, Catherine Polk Villa.
She said: “On behalf of the company, we thank the government and your honor as well.”
Later, David Myster, the company’s lawyer, said that the company has acknowledged that it was guilty of the settlement “does not contain any fees for money laundering.”
Mr. Bodolskyki said in a statement that the stock exchange failed to register with the financial crime enforcement network of the Ministry of Treasury, or Vinsen, allowed billions of dollars in suspicious transactions.
The federal authorities said that American agents have achieved hundreds of millions of dollars as trading fees for exchange from 2018 to 2024 – a time when it was a violation of federal law.
Although OKX was not supposed to accept work from US agents, the authorities said they are marketing themselves in the country, including action as a sponsor of the Trebika Film Festival in New York.
AUX Cays Fintech, the parent company to exchange OKX and other subsidiary companies, He said in a statement It was not affected by any clients in this process and the number of American customers on its platform.
the Company website, Which was lastly updated in January, he said it was registered as a money transfer company in the United States but did not provide services to customers in a number of states, including New York.
in press releaseFederal prosecutors said that the company had received a 25 percent reduction in the agreed fine because it took treatment steps during the investigation.
Complexing guilt by OKX comes at a time when the Securities and Stock Exchange Committee is declining from its efforts to regulate the encryption industry through enforcement procedures. On Monday, online brokerage The Supreme Education Council said He told her that the organizer was closing an investigation into the sale of digital assets on her platform.
Last week, Coinbase, the largest encrypted currency exchange exchange in the country, said that the Supreme Education Council agreed to reject the lawsuit against the company. SEC had accused the digital currencies sold on the Coinbase are unregistered securities.
President Trump, who has become an enthusiastic supporter of the encryption industry during the presidential campaign, has pledged that SEC would stop making life very difficult for encryption companies.