Cryptocurrency exchange BitMEX has brushed off allegations of violating the Bank Secrecy Act (BSA) in the US as “old news” from 2020. The exchange plans to request an expedited sentencing hearing, indicating that no additional charges will be filed. 📉
On July 10, US Attorney Damian Williams announced that BitMEX admitted offering crypto trading services without any meaningful anti-money laundering (AML) program.
In response to the charge under the BSA, BitMEX said its founders - Arthur Hayes and Benjamin Delo - have already pleaded guilty to the violation and paid fines in 2022.