OKX News: Linda Lacewell Appointed as New Chief Legal Officer Amid Expansion Plans

OKX, a leading cryptocurrency exchange, has made a significant appointment to its senior management team, naming Linda Lacewell as its new Chief Legal Officer (CLO). This comes as the exchange prepares for expansion into key markets such as Europe and the United Arab Emirates.

OKX Appoints Linda Lacewell as New Chief Legal Officer

OKX has appointed Linda Lacewell as its new chief legal officer (CLO) following the departure of Mauricio Beugelmans. Lacewell, who joined the crypto exchange as a board member last year after serving as Superintendent of the New York Department of Financial Services, will lead the exchange as it expands into key markets such as Europe and the U.A.E. Beugelmans’ departure is reportedly related to penalties of over $500 million paid by OKX to the U.S. Department of Justice for facilitating more than $5 billion in suspicious transactions and criminal proceeds.

Crypto Giant OKX Taps Ex-NYDFS Chief as Chief Legal Officer

OKX has appointed Linda Lacewell, former Superintendent of the New York Department of Financial Services, as its new Chief Legal Officer to lead global compliance efforts. The move comes as OKX expands its operations in Europe and the Middle East to strengthen its global presence. International markets have encountered increased regulatory obstacles, prompting OKX to strengthen its global compliance initiative. Lacewell succeeded Mauricio Beugelmans, who resigned after serving almost two years.