TokenInsight News, BitMEX co-founders Arthur Hayes and Benjamin Delo pleaded guilty in a New York court to violating the U.S. Bank Secrecy Act by failing to establish and implement an anti-money laundering (AML) program at BitMEX, thereby violating the Bank Secrecy Act (BSA). The U.S. Department of Justice characterized BitMEX as a "money laundering platform" and required Arthur Hayes and Benjamin Delo to pay $10 million each in fines.
Previously, in October 2020, the CFTC charged BitMEX with operating without registration and violating U.S. anti-money laundering laws.
Source Exchanges
Get the most concise crypto news, research, and insights by subscribing to our free newsletter.