The Cryptocurrency Exchange Okax allegedly hired former New York Governor Andrew Koomo to advise a federal investigation, which resulted in the firm proving a crime of numerous violations and paying $ 505 million fines and fines.
Bloomberg, citing those familiar with the matter on April 2, said that New York’s registered lawyer, Coomo, advised OKX about legal issues arising from the investigation at some time after August 2021, citing the people familiar with the matter.
“He regularly talked to the company’s executives and advised them to respond to a criminal investigation,” Bloomberg said.
The Session -based firm on February 24 proved a crime for running a mini -transmission business without violating the US Anti -Money Laundering Rules, and agreed to pay a fine of 84 million Million worth $ 421 million worth of fees obtained from most institutional clients.
The Department of Justice noted that the OK from 2018 has been violated from 2018 to 2024, despite OKX’s official policy, preventing US people from transactions on the Crypto Exchange since 2017, at which time the Justice Department noted.
Coomo spokesman, Amir Ezupardi, told Bloomberg that Coomo has been providing private legal services representing individuals and corporations on various issues since the resignation of the Governor of New York.
“They have not represented clients before New York City or the state agency and have routinely recommended former colleagues for positions,” added.
OKX was reportedly not willing to comment on his relationship with external firms.
Coomo also affected Okx for Executive Appointments: Bloomberg
Bloomberg said that Coomo, who is now contesting for the mayor of New York City, also advised OKX to appoint his friend US Attorney Linda Leswell to the Okax Board of Directors.
According to a company statement, former Superintendent of the New York Department of Financial Services, Leswell, was included in the board in 2024, and according to a recent company statement, he was nominated on April 1, the new Chief Legal Officer of OKX.
Source: Linda Les Well
Related: The New York Bill aims to protect Crypto investors from the Memocon Carpet Bridges
After the conclusion of the investigation, OKX said it would look for a compliant adviser to address the issues arising from the federal investigation and to strengthen its regulatory compliance program.
“Our vision Okax has to make global compliance gold standards in various markets and their respective regulatory institutions,” said Star Suu, CEO of Okax, in a post on February 24.
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