OKX and the U.S. Department of Justice officially reached a settlement

Odaily News According to official news from OKX, the Seychelles subsidiary of OKX has reached a settlement with an investigation by the U.S. Department of Justice today, admitting that due to historical deficiencies in compliance controls, a small number of U.S. customers had traded on the company's global platform.
Under the settlement, OKX agreed to pay an $84 million fine and give up approximately $421 million in revenue from U.S. customers during the period, most of which came from a small number of institutional clients.
There were no allegations of customer harm in the settlement, no charges were brought against any company employees and no government monitor was appointed.
OKX said it will strengthen its customer identity identification (KYC) system and customer risk rating (CRR) system, expand its enhanced due diligence (EDD) program, deploy industry-leading anti-money laundering (AML) and sanctions tools, and has formed a professional investigation team of more than 150 people for this purpose.