Policy, OKX Lacewell joined the alternate as a board member final 12 months having beforehand served as Superintendent and head of the New York Department of Financial Services 

OKX has appointed Linda Lacewell as its new chief authorized officer (CLO) after the departure of Mauricio Beugelmans.

Lacewell joined the crypto alternate as a board member final 12 months having beforehand served as Superintendent and head of the New York Department of Financial Services, according to an announcement on Tuesday.

“Her leadership comes at a pivotal time as we expand into key markets such as Europe and U.A.E,” OKX stated.

The announcement comes the day after CoinDesk reported that Lacewell’s predecessor Mauricio Beugelmans had left OKX, together with his departure related to the exchange’s penalties of over $500 million paid to the U.S. Department of Justice (DOJ), in keeping with a supply acquainted with the matter.

The DOJ said that OKX had facilitated greater than $5 billion in “suspicious transactions and criminal proceeds.”

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