OKX Chief Legal Officer Mauricio Beugelmans Resigns Amid DOJ Settlement

OKX chief legal officer Mauricio Beugelmans has left the cryptocurrency exchange after nearly four years, from August 2021 to March 2025. His departure follows a recent settlement where OKX paid over $500 million to the U.S. Department of Justice due to facilitating over $5 billion in suspicious transactions.

• The DOJ's press release highlighted the nature of these transactions as criminal proceeds.
• OKcoin, OKX's American division, received a subpoena from the Commodity Futures Trading Commission regarding fraud and unlawful conduct in digital asset transactions on February 24 last year.
• A source indicated Beugelmans’ exit was connected to the DOJ settlement.