Cryptocurrency exchange BitMEX was fined $100 million by the U.S. Department of Justice for violating bank secrecy laws
ChainCatcher news, according to an announcement from the Southern District of the U.S. Department of Justice, the cryptocurrency exchange BitMEX has been fined $100 million for violating the Bank Secrecy Act (BSA). BitMEX is accused of failing to establish and implement anti-money laundering (AML) and know your customer (KYC) programs, deliberately circumventing U.S. laws for profit.
Its founders and executives had previously pleaded guilty, and the company pleaded guilty in July 2024, receiving a fine and two years of probation on January 15, 2025.
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