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⌐◪-◪ → OKX is in the hot seat!

OKX, one of the world’s 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 didn’t hold back, saying:

"For years, OKX flagrantly violated U.S. law, actively seeking customers in the United States—including here in New York—and even going so far as to advise individuals to provide false information to circumvent requisite procedures."

As punishment, they’re paying over $500M in penalties—$420M in forfeited fees and $85M in fines.

Regulatory heat is back in full force, and OKX just got burned.

⌐◪-◪ → 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? Nope—he 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?

⌐◪-◪ → Uncle Sam just seized $31M

Nearly four years later, U.S. authorities have seized $31M from the 2021 Uranium Finance hack—one 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 haven’t 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 it’s unclear if the funds were taken from their personal wallet, a laundering service, or a middleman.

There’s also lingering suspicion of an inside job. The attack happened days after Uranium’s V2 upgrade, the contract was wiped from GitHub, and then the project shut down—leaving investors wrecked.

One thing is clear: the feds are getting much better at tracking stolen crypto. If you’re out there moving funny money, be careful—big brother is watching.

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