According to his Linkedin profile, Mauricio Beugelmans, the chief legal officer of OKX, has departed from the cryptocurrency exchange.
Beugelmans played a key role in shaping OKX’s global compliance policy during his three years and eight months tenure from August 2021 to March 2025.
Recently, OKX faced a settlement with the U.S. Department of Justice, paying over $500 million in penalties and forfeited fees for facilitating more than $5 billion in “suspicious transactions and criminal proceeds.”
A source familiar with the situation indicated that Beugelmans’ departure was linked to the DOJ settlement.
In addition, OKcoin, OKX’s American division, was issued a subpoena by the Commodity Futures Trading Commission (CFTC) on Feb. 24 last year, referencing “certain persons engaged in fraud and other unlawful conduct with respect to digital asset transactions.”
As of press time, neither OKX nor Beugelmans have commented on the matter.
