OKX appointed Linda Lacewell as its legal director (CLO) after the departure of Mauricio Beugelmans.
Lacewell joined the exchange of cryptography as a member of the Board last year after having previously served as superintendent and head of the New York Financial Services Department, according to an announcement on Tuesday.
“His leadership comes at a crucial moment as we expand to key markets such as Europe and Eau,” OKX said.
The announcement comes the day after Coindesk reported that Lacewell’s predecessor, Mauricio Beugelmans, had left OKX, with his departure related to the sanctions of the exchange of more than $ 500 million paid to the United States Department of Justice (DOJ), according to a source familiar with the matter.
The Department of Justice said that OKX had facilitated more than $ 5 billion in “suspicious transactions and criminal gains.”
Beugelamans told Coindesk in an email that OKX left to look for another opportunity within the cryptographic industry.
Update (April 1, 15:18 UTC): Add Beugelmans’s comment in the last paragraph.
