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OKX Operator Fined US$505M, Pleads Guilty to U.S. Anti-Money Laundering Violations

  • Operator of the OKX cryptocurrency exchange pleads guilty to violating U.S. anti-money laundering regulations.
  • OKX fined $505 million and agrees to forfeit fees for operating an unlicensed money-transmitting business.
  • Platform allowed U.S.-based users to access in violation of policies, facilitating suspicious transactions worth $5 billion.
  • OKX ranked as the fourth-largest cryptocurrency spot exchange globally and faces growing scrutiny from U.S. regulators.

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