Crypto exchange OKX has decided to internally elevate its US-based compliance department, according to an X post by WuBlockchain. The decision comes at a time when OKX has been already facing operational hurdles and issues with regulators like that of India.
OKX Elevates US-based Compliance Department
According to Wu Blockchain, the US-based compliance department of OKX, the second-largest offshore exchange, has been elevated to the top of the organizational hierarchy. This compliance section puts the utmost importance into every activity. Prices of OKB also fell nearly 1.3% after the announcement. They stood at $63.07 at the press time.
OKX’s Recent Operation Glitch
The news of the internal elevation of the US-based compliance department comes at a time when OKX faced operational issues. Previously, while some OKX customers’ accounts displayed balances of zero dollars, others showed sums that were surging to tens of millions of dollars.
This points to strange activity on the OKX A
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