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OKX’s Global Compliance Chief Left After Six Months

Patrick Donegan, whose LinkedIn profile says he managed a team of 300 people around the world, was at OKX from August 2023 to January 2024.

By Ian Allison
AccessTimeIconMar 28, 2024 at 3:56 p.m. UTC
Updated Apr 2, 2024 at 2:01 p.m. UTC
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  • OKX's global chief compliance officer, Patrick Donegan, left in January after just six months in post.
  • Donegan, whose responsibilities included anti-money laundering, managed a team of 300.
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    • The global chief compliance officer for OKX, Patrick Donegan, left his role at the second-largest cryptocurrency exchange after just six months in the job, according to his LinkedIn profile.

    Donegan managed a team of 300 people around the world, joined OKX in August 2023 and left in January 2024, his profile states. He described himself as a regulatory specialist on AML with "skills in creating policies and procedures, meeting regulatory expectations while promoting business initiatives and establishing strong relationships with regulators."

    Donegan was previously chief compliance officer and senior vice president at the once crypto-friendly Signature Bank, where he has served for almost eight years.

    Neither OKX nor Donegan responded to requests for comment.

    Updated 3/29/2024 23:00 UTC to fix Donegan's official title. Updated 4/2/2024 15:00 UTC to make edits, remove reference to KuCoin, Binance.

    Edited by Nick Baker and Kevin Reynolds.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Ian Allison
    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.

    Follow @IanAllison123 on Twitter

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