OKX Eyes Service Termination for Confirmed Illicit Activity
OKX, a major cryptocurrency exchange, has stated that it may terminate accounts involved in high-risk or illegal activities. In a recent social media post, OKX CEO Star Xu explained that such transfers can trigger extended anti-money laundering (AML) reviews lasting up to 15 days or longer.
Xu clarified that termination only occurs after a confirmed violation, not during a routine review process. He noted that AML reviews may last for an extended period, with functions and funds restricted in the meantime. Once a case is confirmed, OKX may terminate services for the account.
Xu also highlighted specific channels that carry higher compliance risks, including Telegram escrow deals and Huiwang-linked channels. The latter refers to Huione Guarantee, a network that processed over $27 billion in transactions before being severed from the US financial system in 2025.