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5 Billion in Suspicious Transactions: The Shocking Stats Behind OKX’s New Chief Legal Officer

OKX has appointed Linda Lacewell as its new chief legal officer. Lacewell, who joined OKX as a board member last year, previously served as the Superintendent and head of the New York Department of Financial Services. Her appointment follows the departure of Mauricio Beugelmans. OKX stated that Lacewell’s leadership is crucial as they expand into key markets like Europe and the U.A.E. Beugelmans’ exit was linked to OKX’s penalties exceeding $500 million paid to the U.S. Department of Justice. The DOJ reported that OKX facilitated over $5 billion in suspicious transactions and criminal proceeds. These staggering figures highlight the significant challenges and responsibilities facing Lacewell in her new role.

Source: www.coindesk.com

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