OKX chief authorized officer Mauricio Beugelmans has left the cryptocurrency trade, based on his Linkedin profile.
Beugelmans, who has been instrumental in shaping OKX’s international compliance coverage, states on his profile that his tenure lasted three years and eight months on the trade, from August 2021 to March 2025.
Simply final month, OKX paid over $500 million in penalties and forfeited charges in a settlement with the U.S. Division of Justice which said that the corporate had facilitated greater than $5 billion in “suspicious transactions and felony proceeds.”
A supply conversant in the matter mentioned Beugelmans’ exit was associated to the current DoJ settlement.
The DOJ mentioned in a press launch final month that OKX facilitated greater than $5 billion in “suspicious transactions and felony proceeds.”
OKcoin, the American division of OKX, additionally obtained a subpoena issued by the Commodity Futures Buying and selling Fee (CFTC) on Feb. 24 final yr. The subpoena referred to “Sure individuals engaged in fraud and different illegal conduct with respect to digital asset transactions.”
Neither OKX nor Beugelmans responded to requests for remark by press time.
