Odaily Planet Daily News: According to OKX official sources, OKX Seychelles subsidiary has reached a settlement with a US Department of Justice investigation today, admitting that due to insufficient compliance controls in history, a small number of US clients had conducted transactions on the company's global platform. According to the settlement agreement, OKX agreed to pay a fine of $84 million and waive approximately $421 million in revenue earned from US clients during this period, most of which came from a few institutional clients. In this settlement, there were no allegations of customer damage, no charges were brought against any company employees, and no government supervisors were appointed. OKX stated that it will strengthen its Customer Identification (KYC) system and Customer Risk Rating (CRR) system, expand its Enhanced Due Diligence (EDD) program, deploy industry-leading anti money laundering (AML) and sanction tools, and has already formed a team of over 150 professional investigators for this purpose.

At the close of the US stock market, the Dow Jones Industrial Average rose 0.08%, the Nasdaq fell 1.21%, and the S&P 500 index fell 0.49%.

JUST IN: JPMorgan CEO Jamie Dimon supports Elon Musk's DOGE efforts, stating that the US government is "inefficient" and "it needs to be done."

The price of Ouyi OKX SOL/USDT has hit a new low in nearly three months, now trading at $150.31, a decrease of 10.06% in 24 hours, with a turnover of $229 million. After the price reaches a new low, there is a high probability of a price rebound. (AiCoin Research Institute)

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