Judge orders BitMEX to pay $100M fine over US banking law violations
Summary
HDR Global Trading Limited, the parent company of BitMEX, received a sentence of two years of unsupervised probation and a $100 million fine. This decision followed BitMEX's guilty plea to violating the US Bank Secrecy Act by lacking an Anti-Money Laundering program. BitMEX referred to the charges as "old news" and expressed disappointment over the financial penalty, which was less than anticipated. The court dismissed all open counts against BitMEX at the US government's request. Further updates on this case are expected as it develops.
