The former New York ruler and the current New York mayor’s candidate Andrew Como served as a paid consultant to exchange encrypted currency abroad, aCcording to a report issued by Bloomberg.
Main platforms such as Binance and FTX have faced intense scrutiny of compliance failure, which led to a billion dollar settlements, among other consequences.
The latest organizational controversy, an OKX, includes an external exchange that recently agreed to a $ 500 million settlement with the American authorities.
The Andrew Cuomo sharing with the Exchang OKX platform is another chapter in the relationship between policy and encrypted currencies.
Share Como with the stock market
After his resignation from his ruling site amid controversy of sexual harassment, Andrew Como established a consulting company. Through the company, provided advisory services to different customers, including OKX.
Bloomberg reports I advise the Seychelles -based exchange on political issues and created strategies to respond to the FBI and public prosecutors from the southern region of New York.
Cuomo also created executive decisions and encouraged OKX to bring Linda Lacail to its board of directors. LaceWell is the former supervisor of the New York Financial Services and Cuomo ally for a long time. She was appointed to the position of chief legal officials in OKX this week.
According to the sources, it was not immediately clear the amount of the payment of Como for his work or when his arrangement with the company ended. Como often met the company’s executives and advised them about how to respond to the criminal investigation, according to Bloomberg reports.
In a statement issued on Wednesday, OKX stated that it does not comment on its relationships with external agencies or companies. He added that Lacail has been appointed for her organizational experience and the contributions of the Board of Directors since 2024 and not because of the Komo proposal.
OKX legal problem
OKX, which is run by AUX Cayes Fintech Co. , Allegations of violation of the anti -money laundering laws by allowing US agents to reach their platform without appropriate registration and compliance measures.
Despite the policies that clearly prohibit users in the United States, it was claimed that the stock exchange had made more than one dollar in transactions from customers residing in the United States between 2018 and early 2024.
During the trial, the general prosecutors highlighted that OKX not only allowed these transactions, but in some cases, users actively encouraged a way to overcome their geographical restrictions. For example, the OKX employees have advised customers to provide wrong information to overcome compliance procedures. In addition, the company promoted its services inside the United States, including juvenile sponsorship such as the Trebika Film Festival in New York. ​
In February 2025, OKX admitted that he was guilty of operating an unlicensed company to take money and agreed to pay nearly $ 505 million of fines and confiscation. The settlement included a fine of $ 84 million and the confiscation of $ 420 million.
“For more than seven years, OKX deliberately violated the anti -money laundering laws and avoid implementing the policies required to prevent criminals from offending our financial system,” US lawyer Matthew Podolskyki said in a press statement in February. “As a result, OKX was used to facilitate transactions that exceed five billion dollars of suspicious transactions and criminal revenues.”
The company must also maintain an external compliance consultant on salary statements until February 2027 to ensure that the company continues to adhere to organizational standards.
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