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TEXXR

Chronicles

The story behind the story

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BitMEX announces a $100M settlement with the CFTC and FinCEN over shortcomings in its anti-money laundering and know-your-customer oversight systems

Crypto derivatives trading platform BitMEX announced Tuesday it had reached a settlement on civil charges with U.S. authorities.

CoinDesk Nikhilesh De

Discussion

  • BitMEX Blog Alex Hoeptner on x
    Crypto is changing, and BitMEX is changing with it
  • @cftc @cftc on x
    ENFORCEMENT NEWS: Federal court orders BitMEX to pay $100 million for illegally operating a cryptocurrency trading platform and anti-money laundering violations. More here: https://www.cftc.gov/...
  • @bitmex @bitmex on x
    We want the story of BitMEX to be not only one of a company that pioneered crypto derivatives, but also led the way in advancing crypto responsibly. We're well on our way, and we thank our users for coming on the journey with us. Read more here: https://blog.bitmex.com/...
  • @ahcastor Amy Castor on x
    A federal court has ordered BitMEX to pay $100M for illegally operating a crypto trading platform and bank secrecy act violations. $50M goes to the CFTC and the remainder to FinCEN. https://www.cftc.gov/...
  • @cointelegraph @cointelegraph on x
    The settlement may not include criminal charges BitMEX executives are still facing https://cointelegraph.com/...