Former New York Governor, front runner for NYC Mayor Andrew Cuomo worked as an advisor to OKX.

Bloomberg reported that former New York Governor Andrew Cuomo worked as a paid adviser to cryptocurrency exchange OKX while it was under a US federal criminal investigation, at a time when he is also positioning himself as a front-runner in the New York City mayoral race. The Seychelles-based exchange was being probed by the FBI and the US Attorney’s Office for the Southern District of New York over alleged violations of US anti-money-laundering and money-transmission laws, a probe that ultimately led to OKX pleading guilty and agreeing to pay about $505 million in penalties and forfeitures. According to Bloomberg’s sources, Cuomo advised OKX executives on policy issues and strategy for responding to the investigation after his 2021 resignation as governor. Bloomberg’s reporting, echoed in subsequent coverage, also indicates that Cuomo urged OKX to appoint his longtime associate and former New York financial regulator Linda Lacewell to its board, as part of efforts to strengthen the firm’s governance during or after the probe. The work highlights how a former top New York official with deep regulatory experience moved into behind-the-scenes advisory roles for an offshore crypto platform accused of illegally serving US customers, raising questions about the revolving door between public office and the digital-asset industry as Cuomo seeks a return to elected office.

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