BitMEX exchange received a $100 million penalty after a Manhattan federal judge rejected a plea to accept previous fines as sufficient punishment. The exchange has already paid $110 million in penalties before the latest fine.
In July 2024, BitMEX pleaded guilty to violation of anti-money laundering laws. In a court order on Wednesday, HDR Global Trading Limited, which controls and operates the crypto exchange BitMEX, was hit with a $100 million fine by a US District Court for violating the Bank Secrecy Act and Anti-Money Laundering laws.
BitMEX shared its disappointment with the newly imposed penalty following years of pleading guilty in court. Whilstwe are disappointed to learn of the imposition of an additional financial penalty, the amount is substantially less than what the Department of Justice have been pursuing us for over years, the exchange stated in a message to users. It added that the court had been seeking a higher penalty fee for years, which it refused to pay.
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