OKX Appoints Linda Lacewell as CLO Amid Regulatory Scrutiny and Global Expansion Plans

Crypto exchange OKX announced the appointment of Linda Lacewell as its new Chief Legal Officer, replacing Mauricio Beugelmans. Lacewell, previously the Superintendent and head of the New York Department of Financial Services, has been a board member at OKX since last year. Her appointment comes at a critical time as the exchange is set to expand into key international markets such as Europe and the U.A.E. The move follows reports that linked Beugelmans' departure to regulatory issues, including penalties exceeding $500 million imposed by the U.S. Department of Justice for facilitating suspicious transactions totaling over $5 billion. With this leadership change, OKX aims to strengthen its regulatory framework and rebuild market confidence amid ongoing scrutiny.