Former NY Governor Andrew Cuomo Advised OKX Amid Federal Probe

Ex Guv Andrew Cuomo provided aide to the crypto exchange OKX amid its federal investigation from the FBI and the US Attorney’s Office

Written by Ritu Lavania

Fact checked by Harsh Chauhan

Published Apr 3, 2025, 02:13 UTC

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Former Governor Andrew Cuomo provided counsel to the cryptocurrency exchange OKX as it is going through a federal investigation.

After stepping down from office, Cuomo advised the exchange as it faced scrutiny from the FBI and the US Attorney’s Office for the Southern District of New York, reports from Bloomberg revealed.

Guv. Andrew Cuomo Comesto Aide OKX

In February, OKX pleaded guilty to violating anti-money laundering laws and agreed to pay over $500 million in fines. The investigation focused on the company’s failure to obtain a proper license to operate as a money transmitter, an issue the exchange acknowledged in a statement regarding the settlement. The company also highlighted that the case did not involve any customer harm, and users linked to the investigation are no longer on the platform.

Andrew Cuomo, who is currently running for mayor of New York City, reportedly had regular discussions with OKX executives and offered advice on how to handle the criminal inquiry. Moreover, Cuomo recommended that the exchange bring on Linda Lacewell, the former superintendent of the New York Department of Financial Services, to join the company’s board. On Monday, OKX appointed Lacewell as its new chief legal officer, a move she expressed excitement about on X.

An OKX spokesperson commented on Lacewell’s appointment, highlighting her regulatory expertise and her contributions to the company’s board since 2024. The spokesperson explained that this position places her in a key role to lead the company’s global legal strategy.

Cuomo, whose spokesperson confirmed he has been engaged in legal work since leaving office, refrained from commenting on specific client matters. The spokesman clarified that Cuomo has not represented clients before New York City or state agencies and regularly recommends former colleagues for positions.

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Written By Ritu Lavania

Ritu Lavania is a Crypto Journalist at CryptoNewsZ with over three years of experience. She focuses on deep research and clear, honest reporting. She specializes in breaking news and regulatory updates. Ritu tracks how new laws impact the digital asset market. She also follows emerging trends like AI-driven blockchains and Web3 tech. As an active member of the crypto community, she regularly tests new dApps and wallets. Ritu’s goal is to provide fast, easy-to-read news that helps readers stay ahead in the fast-moving crypto world.

Fact Checked By Harsh Chauhan

Harsh Chauhan is a Senior News Editor at CryptoNewsZ. He has spent years reporting on the digital economy. He focused on DeFi, NFTs, AI, and digital asset developments. Harsh has a BBA in Marketing and a Blockchain Foundation certification. He does more than just share news. He uses on-chain data to explain Bitcoin ETFs and tokenized assets. Harsh is also a hands-on user. He has been staking and trading NFTs since 2021. His work helps readers understand a complex market with simple, data-backed facts.

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