Share this article

OKX Global General Counsel Is Latest Legal Exec to Leave the Exchange

The new chief legal officer, Linda Lacewell, is said to be restructuring the firm's legal and compliance divisions, according to a source familiar with the situation.

May 27, 2025, 8:53 p.m.
Lod,,Israel,-,July,16,2023:,Okx,App,Play,Store,Page
OKX logo (OKX)

What to know:

  • The firm’s global general counsel, Melissa Muehlfeld, left the exchange.
  • OKX recently replaced its chief legal officer, Mauricio Beugelmans, and head of compliance, Vanessa Zhang.
  • Muehlfeld joined OKcoin in May of 2022 as deputy general counsel and was promoted to global general counsel of OKX in August 2024. 

The restructuring of leading legal and compliance roles at cryptocurrency exchange OKX continues with the departure of the firm’s global general counsel, Melissa Muehlfeld.

Muehlfeld joined OKcoin, the U.S. arm of OKX, back in May of 2022 as deputy general counsel. She was promoted to global general counsel in August 2024.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Since OKX paid half a billion dollars to settle charges with the U.S. Department of Justice (DoJ) in February of this year, the exchange has replaced some top legal and compliance staff, including chief legal officer Mauricio Beugelmans, and head of compliance Vanessa Zhang.

OKX appointed the former superintendent and head of the New York Department of Financial Services (NYDFS), Linda Lacewell, as its chief legal officer (CLO) after Beugelmans' departure.

Lacewell is said to be restructuring the firm’s legal and compliance divisions, according to a source familiar with the situation.

“As a matter of company policy, we do not comment on all people that join and/or depart the company,” an OKX spokesman said via email.

Muehlfeld did not respond to requests for comment.

More For You

KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

More For You

Buck launches bitcoin-linked ‘savings coin’ tied to Michael Saylor’s Strategy

Credit: Shutterstock

The new governance token targets a roughly 7% annual yield funded by income from Strategy’s bitcoin-linked preferred stock.

What to know:

  • Buck Labs has launched the Buck crypto token, designed as a yield-bearing savings coin for users seeking returns on dollar-denominated crypto holdings.
  • The token is backed by Strategy shares and offers rewards targeted at around 7% annually, with returns accruing minute-by-minute.
  • Buck is structured as a governance token, allowing holders to vote on reward distribution, and is initially intended for non-U.S. users.