🚨 Breaking News: Aux Cayes FinTech Co. Ltd, a subsidiary of OKX Exchange, has settled a probe from the United States Department of Justice (DOJ). The firm reportedly paid $84 million in fees and agreed to a bigger asset forfeiture to settle the probe.
OKX US DOJ Probe: Now One in Many, But Still a Hoot!
Notably, the investigation into the firm hinges on its operations as an unlicensed money transmitter in the U.S. Besides the $84 million fines, Aux Cayes also agreed to a $421 million fee forfeiture. 💰
Before this settlement, OKCoin, the United States division of the trading platform, received a subpoena from the Commodity Futures Trading Commission (CFTC) on February 24, 2024. According to reports, the Subpoena detailed the activities of persons linked to the exchange engaging in fraud.
This settlement is one of the core crypto cases coming to an end under the Donald Trump administration. As reported earlier by CoinGape, the Securities and Exchange Commission (SEC) closed its case with Robinhood following a Wells Notice issue last year.
This is a developing story, please check back for more laughs and updates!!!
Read More
- Nine Sols: 6 Best Jin Farming Methods
- How to Unlock the Mines in Cookie Run: Kingdom
- Top 8 UFC 5 Perks Every Fighter Should Use
- Link Click Season 3 Confirmed for 2026—Meet the Mysterious New Character Jae Lee!
- Top 8 Weapon Enchantments in Oblivion Remastered, Ranked
- How to Get 100% Chameleon in Oblivion Remastered
- USD ILS PREDICTION
- MHA’s Back: Horikoshi Drops New Chapter in ‘Ultra Age’ Fanbook – See What’s Inside!
- Invincible’s Strongest Female Characters
- Gold Rate Forecast
2025-02-25 00:58