Judge orders BitMEX to pay $100M fine over US banking law violations

Judge orders BitMEX to pay $100M fine over US banking law violations

From cointelegraph.com

A federal judge has sentenced HDR Global Trading Limited, the parent company of cryptocurrency exchange BitMEX, to two years of unsupervised probation and a $100 million fine. In a Jan. 15 hearing in the US District Court for the Southern District of New York, Judge John Koeltl passed down the sentence against BitMEX, roughly six months after the crypto exchange pleaded guilty to violating the US Bank Secrecy Act (BSA) by operating without “any meaningful” Anti-Money Laundering (AML) program. The crypto firm called the charges “old news” in July 2024, suggesting at the time it expected no additional fines. ... (full story)

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