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- OKX, a top-five crypto exchange, has settled with the U.S. Department of Justice for over $500 million due to regulatory issues, including unlicensed money transmission and $5 billion in suspicious transactions. - The exchange had a crisis management plan in place, including a "SWAT Team" for strategic communication. - OKX highlights industry-wide scrutiny and its cooperation with regulators. - The exchange's native token, OKB, was involved in a flash crash earlier this year, leading to executive changes. - Share your thoughts on how regulatory actions impact the crypto space! 💬

Libra, the cryptocurrency project made famous by the endorsement of Argentina’s President Javier Milei and its subsequent debacle, is reportedly the subject of an investigation by the Department of Justice (DOJ). According to local media, people with knowledge of the issue confirmed that there is a probe in its early stages. The probe was started by the fraud section of the criminal division in the department, which is generally tasked with solving complex economic crimes involving U.S. entities abroad. La Nacion reports that the investigation follows an initial crime report that points to the involvement of President Javier Milei, mentioning Kelsier Ventures’ Hayden Adams, KIP Protocol’s Julian Peh, Mauricio Novelli, and Manuel Terrones Godoy as part of the Libra scheme. The probe might expand to include several agencies of the U.S. government, including the Department of Homeland Security (DHS), the Federal Bureau of Investigation (FBI), which is already rumored to be already working on the issue, and the Securities and Exchange Commission (SEC). Libra, which is referred to by some erroneously as a meme coin, was first shared by Milei on social media as a token directed to help Argentine companies get funding. The endorsement prompted thousands to jump onto the token, losing millions after its price tumbled. Read more: The Libra Incident: Examining Argentine President Javier Milei’s Confusing Token Endorsement and Its Destructive Aftermath The case is also being investigated by Argentine authorities, who would be looking into Milei’s relationship with the founders of the project, examining the possibility of authority abuse crimes, influence peddling, and fraud. While Milei ordered an internal investigation, he also denied having any responsibility for Libra’s operations. He declared that he did not endorse the project, that he merely shared it, and that most of the affected were aware of the implicit dangers of the trade, calling them “volatility operators.” Read more: Javier Milei Denies Responsibility in Libra Debacle: ‘If You Go to the Casino and Lose Money, That’s Your Problem’ 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

U.S. DOJ initiates investigation on $LIBRA token The LIBRA token, a memecoin previously endorsed by Argentine President Javier Milei, is now the subject of a U.S. Department of Justice (DOJ) investigation, according to an X post by

OKX subsidiary Aux Cayes FinTech Co. Ltd. (OKX Seychelles) reached a settlement with the U.S. Department of Justice, admitting to operating remittance services without authorization in the U.S. The company will pay an $84 million fine and forgo $421 million in revenue.…

OKX settles $84M fine with DoJ in the U.S. Global crypto exchange OKX announced that it has agreed to pay a fine of $84 million with the U.S. Department of Justice (DoJ) in connection with unlicensed money transfer charges. OKX outlined on its website that in the investigation conducted by the U.S. DoJ, OKX admitted that it did not obtain a license as a money transfer company. As part of the settlement, it agreed to pay a fine and give up the revenue of approximately $420 million earned from U.S. customers during that period.