Former New York Governor Advised OKX During Federal Probe

Following his 2021 resignation amid sexual misconduct claims, Andrew Cuomo reemerged in a surprising new role—advising OKX as it battled allegations of noncompliance with anti-money laundering laws.

Federal scrutiny led to intense legal negotiations, culminating in OKX settling the case and paying more than $500 million in penalties.

Bloomberg revealed that Andrew Cuomo maintained ongoing conversations with senior OKX officials, offering legal advice during the federal probe. He also assisted with long-term regulatory planning, helping the exchange bolster its compliance framework.

Since his resignation, Cuomo has used his government expertise to support private companies. Notably, he advised OKX to appoint Linda Lacewell—former head of New York’s Department of Financial Services—as Chief Legal Officer, a role she later assumed.

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Though OKX chose not to comment, the arrival of Lacewell sends a clear signal—the company is turning inward, strengthening its compliance framework in the aftermath of intense scrutiny.

It’s also no secret that since its agreement with regulators, OKX has stepped up its regulatory engagement, striving to polish its public image and win over a new wave of trust from the crypto community.

Crypto at the Ballot Box

Just last month, Cuomo revealed his plan to run for mayor of New York, entering the race as a Democratic contender. He’ll be facing a crowded field, including incumbent Eric Adams, in what’s already a tightly contested election.

This announcement arrives as crypto becomes an unexpected focal point in the broader political landscape—one of the most debated issues heading into the fall elections across the U.S.

Since he left office, among other activities, Governor Cuomo has been engaged in the private practice of law representing individuals and corporations in a variety of matters and does not comment on those private client matters. He has not represented clients before a New York city or state agency and routinely recommends former colleagues for positions,

stated Rich Azzopardi, Cuomo’s campaign representative.

Cuomo’s behind-the-scenes involvement with OKX may give his campaign an edge among crypto-forward voters, positioning him as a progressive voice on financial innovation. But the very same relationship could turn into political ammunition for opponents eager to spotlight regulatory controversies and past legal troubles tied to the exchange.

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