Crypto Trader OKX Pleads Guilty to Running Illegal U.S. Operation
Written by Black Hot Fire Network on February 25, 2025
An offshore cryptocurrency trading firm pleaded guilty on Monday in U.S. District Court in Manhattan to a charge of operating as an unlicensed money transmitting business in the United States while seeking customers in New York and other states.
In pleading guilty, the Seychelles-based company that operates OKX, which the government described as one of the world’s largest crypto firms, also agreed to pay $504 million in fines and penalties. The company still has operations in the United States.
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