BitMEX Pleads Guilty to Bank Secrecy Act Violation for 6-Year Period

Wednesday, 10 July 2024, 22:24

BitMEX, a major crypto exchange, has pleaded guilty to violating the Bank Secrecy Act between 2015 and 2020. Four top executives of BitMEX have also admitted guilt to the same charge. The case highlights the importance of regulatory compliance in the cryptocurrency industry, signaling potential impacts on BitMEX's reputation and operations.
CoinDesk
BitMEX Pleads Guilty to Bank Secrecy Act Violation for 6-Year Period

BitMEX Crypto Exchange Violation

BitMEX recently pleaded guilty to violating the Bank Secrecy Act from 2015 to 2020, with top executives admitting guilt as well. The development underscores the importance of regulatory compliance in the cryptocurrency sector.

Executives' Admission of Guilt

Four executives of BitMEX have previously pleaded guilty to the same charge, adding to the gravity of the situation. This raises concerns about the impact on BitMEX's standing in the industry.


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