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- 2/25/25: OKX Pleads Guilty šØššŗšø
2/25/25: OKX Pleads Guilty šØššŗšø

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1. OKX pleads guilty, pays $500M fine after violating US laws
Cryptocurrency exchange OKX pleaded guilty to processing more than $1 trillion in transactions by US customers without a license and will pay more than $504 million in penalties
ā Bloomberg Markets (@markets)
10:25 PM ā¢ Feb 24, 2025
āāŖ-āŖ ā OKX is in the hot seat!
OKX, one of the worldās largest crypto exchanges, just pleaded guilty to running an unlicensed money-transmitting business in violation of U.S. anti-money laundering laws.
From 2018 to 2024, they facilitated over $5 billion in suspicious transactions, directly contradicting their own policy against U.S. customers.
FBI Assistant Director James E. Dennehy didnāt hold back, saying:
"For years, OKX flagrantly violated U.S. law, actively seeking customers in the United Statesāincluding here in New Yorkāand even going so far as to advise individuals to provide false information to circumvent requisite procedures."
As punishment, theyāre paying over $500M in penaltiesā$420M in forfeited fees and $85M in fines.
Regulatory heat is back in full force, and OKX just got burned.
2. SBF tweets for the first time in 2 years, FTT briefly pumps
1) I have a lot of sympathy for govāt employees: I, too, have not checked my email for the past few (hundred) days
And I can confirm that being unemployed is a lot less relaxing than it looks
ā SBF (@SBF_FTX)
1:53 AM ā¢ Feb 25, 2025
āāŖ-āŖ ā SBF has spoken!
Sam Bankman-Fried, the infamous former FTX CEO serving 25 years in prison, just made his first social media post in two years.
What did he post about? Crypto? His trial? A public apology? Nopeāhe decided to virtue signal about unemployment and how hard it is to fire employees.
Naturally, the FTX Token ($FTT) pumped 30% off the back of his post because of course it did.
The real question is who gave SBF a phone in prison?
How could this EVER possibly go wrong? Surely, he would NEVER launch a memecoin from jail... right?
3. US seizes $31M linked to 2021 Uranium Finance hack
SDNY and @HSISanDiego seize cryptocurrency worth approximately $31 million related to April 2021 hack of Uranium Finance. If you believe you have been a victim of this hack, please contact [email protected].
ā US Attorney SDNY (@SDNYnews)
8:00 PM ā¢ Feb 24, 2025
āāŖ-āŖ ā Uncle Sam just seized $31M
Nearly four years later, U.S. authorities have seized $31M from the 2021 Uranium Finance hackāone of the largest DeFi recovery operations ever.
For context, Uranium Finance was exploited for $50M after a smart contract vulnerability. Only 61% has been recovered, but no arrests have been made, and the feds havenāt disclosed who they seized the funds from.
On-chain sleuths like ZachXBT linked the hacker to Tornado Cash and even laundering funds through Magic: The Gathering cards, but itās unclear if the funds were taken from their personal wallet, a laundering service, or a middleman.
Thereās also lingering suspicion of an inside job. The attack happened days after Uraniumās V2 upgrade, the contract was wiped from GitHub, and then the project shut downāleaving investors wrecked.
One thing is clear: the feds are getting much better at tracking stolen crypto. If youāre out there moving funny money, be carefulābig brother is watching.

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š Rest Of The World
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š¼ļø NFTs & Metaverse
