BitMEX addresses the DOJ’s BSA charge as a past issue, highlighting their compliance improvements and founders’ prior penalties.
Cryptocurrency derivatives exchange BitMEX dismissed its violation of the Bank Secrecy Act (BSA) in the United States as “old news” from 2020. The company announced plans to request an expedited sentencing hearing, indicating that no additional charges would be pursued.
On July 10, US Attorney Damian Williams announced BitMEX’s admission to offer crypto trading services without any meaningful Anti-Money Laundering (AML) program.
In response to the BSA charge, BitMEX claimed that its founders, Arthur Hayes and Benjamin Delo, had already pleaded guilty to the violation and paid off the fines in 2022.
