by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Feb 24 – The crypto exchange OKX pled guilty on February 24 before U.S. District Court for the Southern District of New York Judge Katherine Polk Failla. Inner City Press was there, thread:
Judge Failla: OKX is waiving its rights and won't raise venue. The maximum fine is $375 million. The company pleads guilty.
Officer: OKX Seychelles admits that some of its customers resided in the US and we did not register as a money transmitting business, we are sorry.
Judge: I accept the guilty plea
[Corporate response by email mid proceeding]: "Matthew, in your tweet: 'OKX crypto exchange.. in violation of anti-money laundering laws'- The offense the company is pleading to is not an anti-money laundering law." Noted - that's SDNY's language. OKX seems to sponsor Tribeca Festival
Judge: The fine is $84 million
The case is USA v. Aux Cayes Fintech Co. Ltd., 1:25-cr-69 (Failla)
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