OKX officially reaches settlement with the U.S. Department of Justice
According to Deep Tide TechFlow news, OKX's Seychelles subsidiary has reached a settlement today with the U.S. Department of Justice, acknowledging that due to historical compliance control deficiencies, a small number of U.S. customers had previously traded on the company's global platform.
According to the settlement agreement, OKX agrees to pay a fine of $84 million and to forfeit approximately $421 million in revenue obtained from U.S. customers during this period, most of which came from a small number of institutional clients.
In this settlement, there were no allegations of harm to customers, no charges brought against any company employees, and no appointment of government monitors.