OKX

OKX is a cryptocurrency exchange platform that offers a wide range of digital asset trading services, including spot and derivatives trading, staking, and various DeFi offerings. It aims to provide users with a fast, secure, and easy-to-use service for trading cryptocurrencies in a global market.

CCI Score

-39.80

0.02% April 18

Latest Event

OKX EU Compliance Update and Remediation

Digital assets firm OKX released an EU compliance update following a compliance review by Malta’s FIAU, acknowledging historical gaps and imposing an administrative fine. In response, OKX undertook a self-imposed remediation exercise, enhanced its internal AML/CFT processes, and introduced new technologies to ensure a sustainable compliance framework.

Take Action

So what can you do? It's time to make tough choices. Where will you cast your vote?

Shop Alternatives SEE ALL: BIST

RBC Capital

Macquarie
Use Your Voice OTHER TOOLS
Investigate
Share the Score SUPPORT CCI

TOADIE

OKX is currently rated as a Toadie.

-30 to -44 CCI Score

Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

APR

07

2025

OKX EU Compliance Update and Remediation
44.86

Digital assets firm OKX released an EU compliance update following a compliance review by Malta’s FIAU, acknowledging historical gaps and imposing an administrative fine. In response, OKX undertook a self-imposed remediation exercise, enhanced its internal AML/CFT processes, and introduced new technologies to ensure a sustainable compliance framework.
+50

Business Practices and Ethical Responsibility

April 8

OKX's proactive remediation measures and commitment to enhancing their AML/CFT framework indicate a strong dedication to ethical business practices and regulatory compliance. These actions reflect a move toward increased transparency and accountability in response to previous compliance shortcomings.

Digital Assets Firm OKX Releases EU Compliance Update | Crowdfund Insider
+40

Technology and Services Impact

April 8

The update highlights OKX's implementation of new technologies and testing protocols to bolster its regulatory compliance efforts. This integration of technological solutions supports transparency and efficiency, positively impacting the technology and services domain.

Digital Assets Firm OKX Releases EU Compliance Update | Crowdfund Insider
FEB

25

2025

OKX Guilty Plea and $504M Settlement in AML Case
-78.86

OKX pleaded guilty to operating an unlicensed money-transmitting business and facilitating circumvention of U.S. restrictions by advising customers on how to bypass necessary registration processes. The company agreed to a $504 million settlement, highlighting significant lapses in ethical business practices.
-80

Business Practices and Ethical Responsibility

April 8

OKX's actions, including intentionally advising U.S. customers to provide false information to bypass regulatory restrictions, represent a severe breach of ethical business practices. This conduct not only undermines legal frameworks designed to prevent financial crimes but also facilitates suspicious transactions, raising concerns about corporate disregard for regulatory norms and public trust.

OKX Reaches $500M Settlement After Guilty Plea in Anti-Money Laundering Case
FEB

25

2025

OKX Pleads Guilty and Settles $500M for U.S. Violations
-72.58

OKX admitted to breaking U.S. laws by operating without a license, actively pursuing U.S. users despite claims to block them, facilitating illicit transactions, and instructing customers to bypass KYC requirements. This led to a $500M settlement with the DOJ and raised concerns about the company's ethical business practices and misleading public conduct.
-60

Public and Political Behavior

April 8

OKX actively marketed its services and sponsored events in the U.S. despite claims of blocking U.S. users. This deceptive public behavior undermines trust and regulatory integrity, reflecting negatively on its public and political conduct.

OKX Pleads Guilty to U.S. Violations - Faces $500M Settlement - Coinpedia
-90

Business Practices and Ethical Responsibility

April 8

OKX's guilty plea for operating without a U.S. license, processing illicit transactions, and even directing users to falsify KYC details represents a severe breach of ethical business practices and legal norms. These actions demonstrate a clear disregard for regulatory compliance and corporate responsibility.

OKX Pleads Guilty to U.S. Violations - Faces $500M Settlement - Coinpedia
FEB

25

2025

OKX Regulatory Compliance Settlement and Reforms
-29.57

OKX has settled over $500 million with U.S. authorities after significant failures in adhering to anti-money laundering regulations, resulting in an $84 million fine and forfeiture of $420 million from U.S. client transactions. CEO Star Xu admitted past oversights and committed to elevating the company’s compliance standards to a 'gold standard,' signaling a reformative intent amidst serious regulatory breaches.
-30

Business Practices and Ethical Responsibility

April 8

The substantial settlement and fines highlight significant breaches in compliance, particularly in anti-money laundering protocols that allowed dubious transactions to occur. Although CEO Star Xu’s commitment to reform signals corrective intent, the scale of the violations and the associated financial penalties underscore severe lapses in business practices and ethical responsibility, which are critical in preventing the exploitation of regulatory weaknesses that can indirectly support authoritarian financial networks.

OKX’s Commitment to Regulatory Compliance: Navigating Challenges and Future Aspirations
FEB

24

2025

OKX Settlement Spurs Regulatory Overhaul
25.08

Following a $500 million settlement with U.S. authorities over past compliance failures, OKX CEO Star Xu publicly acknowledged the exchange's shortcomings and committed to transforming its regulatory framework to set a global benchmark for compliance.
+30

Executive Political Engagement

April 8

CEO Star Xu's public admission of previous regulatory shortcomings and his commitment to a comprehensive compliance reform represent a positive move in terms of executive political engagement. This openness, although prompted by a significant regulatory settlement, signifies a step towards accountability and transparency in corporate governance.

OKX’s Path to Regulatory Compliance: A New Era After Settlement – Crypto Insights
+20

Business Practices and Ethical Responsibility

April 8

The settlement and subsequent pledge to revamp compliance signal a move toward more ethical business practices. While the severe fine underscores past operational failures, the proactive commitment to tighten regulatory adherence is a constructive, reformative step for OKX.

OKX’s Path to Regulatory Compliance: A New Era After Settlement – Crypto Insights
FEB

24

2025

OKX Guilty Plea for AML Violations
-88.69

OKX pleaded guilty to operating an unlicensed money transmitting business in violation of U.S. anti-money laundering laws. The company deliberately circumvented its own policies by advising customers to falsify KYC information and continued to serve U.S. customers, facilitating billions in suspicious transactions and criminal proceeds, ultimately agreeing to pay penalties exceeding $500 million.
-90

Business Practices and Ethical Responsibility

April 8

OKX's actions—intentionally bypassing U.S. regulatory requirements for money transmitting businesses, advising customers to use false information, and facilitating massive illicit transactions—represent a severe breach of ethical business practices. Such conduct not only undermines legal financial systems but also indirectly supports environments in which authoritarian practices can thrive by eroding trust and regulatory integrity.

OKX Pleads Guilty To Violating U.S. Anti-Money Laundering Laws And Agrees To Pay Penalties Totaling More Than $500 Million
FEB

24

2025

OKX Fined for AML Violations
-78.83

OKX, one of the world's largest cryptocurrency exchanges, admitted to violating anti-money laundering laws over seven years. The company facilitated over $5 billion in suspicious transactions and its employees advised customers on bypassing KYC requirements. As a result, it faced fines and fees totaling over $504 million.
-80

Business Practices and Ethical Responsibility

April 8

OKX's admission of knowingly violating AML laws, facilitating significant volumes of suspicious transactions, and advising on falsifying KYC data demonstrates a severe disregard for ethical business practices and regulatory compliance. This behavior undermines the integrity of financial systems and poses risks to worker and community protections.

OKX Crypto Exchange Fined $500 Million for AML Violations - PYMNTS.com