OKX reached a settlement with U.S. authorities, paying over $500 million for failing to acquire a money transmitter license. An OKX affiliate, Aux Cayes FinTech Co. Ltd., pled guilty to running an unlicensed money transmitting business. This settlement addressed allegations of non-compliance. The U.S. Department of Justice disclosed that OKX facilitated over $5 billion in suspicious transactions and criminal proceeds. Between 2018 and early 2024, OKX enabled U.S. clients to execute over $1 trillion in transactions, accruing hundreds of millions in fees, despite banning U.S. users.