Crypto exchange gets second US$100-million penalty
The company pled guilty to violating U.S. law back in July 2024, and was sentenced today. Along with the fine, it was also sentenced to two years probation.
According to the U.S. attorney’s office, the company, which was founded in 2014, flouted U.S. rules through at least 2018, by failing to adopt anti-money laundering policies that included KYC checks. In addition, it said, the company knew its policies to prevent trading by U.S. customers were “toothless or easily overridden to serve BitMEX’s bottom line goal of obtaining revenue through the U.S. market without regard to U.S. criminal laws.”
Previously, several of the company’s executives pled guilty to violations of banking laws, and they were sentenced in…
