One of the top-five cryptocurrency exchanges, OKX, has reached a $500 million-plus settlement with the U.S. Department of Justice (DOJ) after failing to obtain a money transmitter license and allegedly facilitating $5 billion in suspicious transactions and criminal proceeds. Confidential protocols within OKX suggest that the company had been expecting the settlement for some time, with a secret crisis management document revealing plans for a "SWAT Team" to implement various communication strategies in the event of a settlement. The protocols include emphasizing cooperation with regulators and pointing out that the entire crypto industry has been under scrutiny. The guidance also outlines how OKX should handle its partnerships with organizations such as Manchester City football club and the Tribeca Film Festival. The document states that OKX's native cryptocurrency OKB should not be mentioned unless asked about specifically. The company's comms protocol also includes strategies for buying time and seeding a parallel story in case of media inquiries about ongoing investigations.



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