Andrew Cuomo, a former New York governor who is running for mayor of NY, is in trouble after it was disclosed that he has a financial stake worth $3 million in a nuclear company and that he also served as an adviser for OKX cryptocurrency exchange during an investigation launched against the foreign-registered exchange by U.S. law enforcement agencies.
According to a recent report in Bloomberg, Cuomo had an undisclosed income of nearly $3 million in a little-known company called Nano Nuclear Energy Inc. Additionally, another Bloomberg report had revealed how Cuomo had given his services to OKX cryptocurrency exchange, which was registered in Seychelles, during a probe launched against it by FBI officials.
Andrew Cuomo previously served as Governor of New York from January 1, 2011, until August 23, 2021. Cuomo is a proponent of cryptocurrency and blockchain technology, having made significant advancements in these fields during his tenure as Governor of New York. During the COVID-19 pandemic, he introduced blockchain-based COVID-19 passports and COVID assistance apps.
He resigned in 2021 due to allegations of sexual harassment. After his resignation, he became the paid advisor for the second-largest cryptocurrency exchange, OKX, which is based in the Seychelles. As per the Bloomberg reports, the firm was investigated by the FBI and New York prosecutors for breaking U.S. laws by operating without proper registration and allowing illegal transactions.
Reports also highlight that he regularly talked to OKX executives and gave them advice on how to handle a criminal investigation, which was conducted by the FBI and New York prosecutors.
At the end of February 2025, the firm paid a fine of $505 million for operating illegally in the U.S. Allegations suggest that he closed the case by paying the fine. He is currently running for mayor of New York City. However, he finds himself mired in recent controversies.
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