US prosecutors say crypto exchange BitMEX pled guilty to one count of violating the Bank Secrecy Act by not having an adequate AML program from 2015 to 2020

- U.S. agencies are paying attention now, and they are aggressively reviewing those early practices, as we've seen again and again recently.

Axios 2024-07-11 Brady Dale

BitMEX Blog BitMEX Blog on x
A Message From BitMEX On Recent News
@bitmex @bitmex on x
In response to the U.S. Department of Justice's decision to file a charge of Bank Secrecy Act (BSA) violation against HDR Global Trading Limited (HDR), the entity owning and operating BitMEX, we would like to share the following statement. The BSA charge is old news - this is [im…
@parrotcapital @parrotcapital on x
Arthur Hayes' crypto / #Bitcoin exchange Bitmex (already previously busted for money laundering) is back in the news and you'll never guess why. More money laundering! Literally every single Tether $USDT fraud crypto casino I warned about in 2021 has been involved with massive [i…
@spreekaway @spreekaway on x
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@cryptomtndrew @cryptomtndrew on x
bitmex owns a lot of bitcoin, think they'll have to sell a lot of it to pay the legal fines?
@sdnynews @sdnynews on x
Global cryptocurrency exchange BitMEX pleads guilty to Bank Secrecy Act offense @NewYorkFBI https://www.justice.gov/...
@mdudas Mike Dudas on x
can someone explain to me how an exchange does jail time? didn't the bitmex principals already plead guilty to these charges years ago? what does this new doj action mean? [image]

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