Reported about 12 hours ago
The cryptocurrency exchange BitMEX has been fined $100 million after a U.S. court found it deliberately ignored anti-money laundering laws, aiming to increase profits. This ruling follows BitMEX's guilty plea last July and includes two years of probation. Prosecutors accused BitMEX and its founders of failing to implement necessary compliance measures, effectively transforming the platform into one facilitating money laundering. Despite prior settlements of around $110 million in related cases, the exchange maintains it has since rectified its practices.
Source: YAHOO