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BitMEX hit with additional $100 million fine over Bank Secrecy Act violations
BitMEX has been fined an additional $100 million for anti-money laundering violations, following a prior $110 million penalty. The exchange’s parent company, HDR Global Trading Inc., faces a two-year probation. U.S. authorities found BitMEX violated the Bank Secrecy Act by failing to implement anti-money laundering and "know-your-customer" programs, while unlawfully allowing U.S. users on its platform. The exchange reportedly generated $1.3 billion in revenue while evading U.S. regulations. These criminal fines are separate from civil charges by the CFTC and FinCEN against BitMEX and its executives. Further updates are expected.