Crypto Exchange BitMEX Hit With$ 100 Million Fine for US Money-Laundering Violations

The most recent ruling against the cryptocurrency exchange in the decades-long saga over money-laundering violations in the United States was issued on Wednesday by Manhattan federal judge Judge John G. Koeltl, who also handed BitMEX a$ 100 million fine.

Koeltl argued that the exchange’s attorneys had made an argument that the exchange’s attorneys ‘ earlier$ 110 million fine and previous guilty pleas were sufficient punishment for the crimes committed between 2015 and 2020, but Koeltl disagreed. initially reported the information.

Similar charges against founders Arthur Hayes and Benjamin Delo were first brought against them in 2022, with each agreeing to pay a$ 10 million criminal fine. In a speech Wednesday, BitMEX pushed said the conviction represented a smaller sentence than previously sought by the U. S. government, but that it disagreed that a good was needed.