OKX Retained Former New York Governor Cuomo as Adviser on Federal Probe: Report

The crypto world is abuzz this morning with news that exchange giant OKX hired former New York Governor Andrew Cuomo to serve as adviser to the company in regards to a federal probe into OKX’s activities.

OKX, which is legally based in Seychelles, would eventually plead guilty to a series of charges which included operating an unlicensed money transmitting business, which is in contravention of US Anti-Money Laundering (AML) laws. Despite the exchange barring US customers, several breaches were alleged to have occurred between 2018 and 2024.

A spokesperson for the governor indicated that Cuomo was providing private legal services to a handful of clients on various matter, but made sure to note he has not represented any clients before any New York City or state agency, presumably to avoid any appearance of a conflict of interest.

The news definitely highlights the deep pockets of crypto companies and their ability to retain the best, highest profile talent when needed.