Operator of OKX crypto exchange enters guilty plea, to pay more than $504 million, US says

Quick Summary:

The operator of the OKX cryptocurrency exchange pleaded guilty on Monday to violating U.S.anti-money laundering laws by operating an unlicensed money transmitting business, and agreed to pay more than $504 million in penalties, federal prosecutors said.

Aux Cayes Fintech Co, a Seychelles-based entity, entered the plea before U.S.

District Judge Katherine Polk Failla in Manhattan, prosecutors said.

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Category: EconomyBusiness

Markets: SingaporeChinaHong KongSeychellesUnited Arab EmiratesUnited States

Topics: Logo Kong Prosecutors Seen Mediacorp Experience Hong File Photo: Cryptocurrency Exchange

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 05:42:56 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 134 words

Reading Time: 1 minutes read

Sentences: 17 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26404680

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