The chief legal officer of OKX, Mauricio Beugelmans, has departed from the cryptocurrency exchange, as indicated by his LinkedIn profile.
Beugelmans played a key role in defining OKX’s global compliance strategy and notes on his profile that he served at the exchange for three years and eight months, from August 2021 to March 2025.
Recently, OKX agreed to pay more than $500 million in fines and forfeited fees as part of a settlement with the U.S. Department of Justice, which charged that the company was involved in more than $5 billion in “suspicious transactions and criminal proceeds.”
An insider revealed that Beugelmans’ departure was connected to the recent DOJ settlement.
Additionally, OKcoin, the U.S. branch of OKX, was issued a subpoena by the Commodity Futures Trading Commission (CFTC) on February 24 of last year. This subpoena pertained to “specific individuals engaged in fraudulent and other illegal activities concerning digital asset transactions.”
No comments have been provided by either OKX or Beugelmans before the time of publication.