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How to Prepare for a Major Compliance Failure Settlement: The OKX Approach

CoinDesk LogoCoinDesk11h ago

How to Prepare for a Major Compliance Failure Settlement: The OKX Approach - CoinDesk

Quick Summary:

A confidential crisis management document drafted by OKX offers a fascinating insight into how one exchange choreographs its response when news breaks about regulatory failures.

If asked why the exchange did not share information about this before, the document states that these are pending inquiries and non-public matters.

An obvious concern in the aftermath of FTX is any suggestion that OKB has been used as collateral or to finance any operations of OKX, as was the case with FTX’s FTT token.

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Article Details

Author / Journalist: Ian Allison

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 21:40:33 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 813 words

Reading Time: 5 minutes read

Sentences: 49 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 26444884

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About CoinDesk

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 21 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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  • URL: https://beamstart.com/news/how-to-prepare-for-a-17405200163670

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