OKX pays US$505m after guilty plea for unlicensed money transmission

Aux Cayes Fintech Co Ltd, a Seychelles-based company, better known by its trading name OKX, a leading global cryptocurrency exchange, has pled guilty in New York to one count of operating an unlicensed money transmitting business. OKX will criminally forfeit US$420.3 million and pay a criminal fine of US$84.4 million.

Aux Cayes Fintech Co Ltd, a Seychelles-based company, better known by its trading name OKX, a leading global cryptocurrency exchange, has pled guilty in New York to one count of operating an unlicensed money transmitting business. OKX will criminally forfeit US$420.3 million and pay a criminal fine of US$84.4 million.