Andrew Cuomo Declares New York Mayoral Run Amid OKX Advisory Scandal

# Former New York Governor Andrew Cuomo Under Fire for Links to Embattled Crypto Exchange OKX Amid Mayoral Campaign Andrew Cuomo, the former governor of New York, has announced his bid for New York City Mayor but is now facing scrutiny over his advisory role with the cryptocurrency exchange OKX. This development comes as U.S. law enforcement agencies investigate OKX’s alleged illegal activities in the U.S., as reported by Crypto Times on the 3rd. # Disclosed Connections to Nano Nuclear Energy and OKX Bloomberg revealed that Cuomo has an undisclosed $3 million stake in Nano Nuclear Energy, where he is actively involved. Furthermore, he is accused of providing advisory services to OKX, a Seychelles-registered cryptocurrency exchange under FBI investigation for illegal operations in the U.S. Cuomo's connection emerged during the FBI's extensive probe into the platform’s purported violations. # Cuomo's Support for Cryptocurrency During Governorship Serving as New York's governor from January 1, 2011, to August 23, 2021, Cuomo was known for his progressive stance on cryptocurrency and blockchain technology. He promoted advancements such as blockchain-based COVID-19 passports and relief applications. Despite his popularity, his career faced a major setback when he resigned in 2021 amid sexual harassment allegations. After his resignation, Cuomo reportedly took on a paid advisory role with OKX, the world’s second-largest cryptocurrency exchange by trading volume, registered in Seychelles. # Federal Investigation into OKX The FBI and New York prosecutors have initiated investigations into OKX, alleging illegal operations in the U.S. without proper registration and facilitating unlawful transactions. Bloomberg reported that Cuomo maintained regular communication with OKX executives, offering strategic advice on addressing the ongoing criminal investigation. In February 2025, OKX settled the charges related to illegal U.S. operations by agreeing to a $505 million fine, formally closing the case. Nonetheless, questions about Cuomo's involvement with the exchange remain under scrutiny, raising concerns about the transparency of his advisory role and the broader implications of his ties to the embattled company. As Cuomo campaigns for leadership in New York City, this controversy could significantly challenge his political aspirations.