Paymnts: OKX Crypto Exchange fined US$500m for AML violations

OKX employees actively guided US users on faking nationality to bypass KYC checks—showing deliberate not just negligent but AML violations. The platform processed over US $5 billion in suspicious funds, ranking among the largest crypto enforcement cases. The crackdown lands as US regulators soften their stance on rival exchanges like Coinbase and Robinhood—making OKX a standout target in shifting regulatory winds…