Crypto Exchange BitMEX Pleads Guilty to Violating the Bank Secrecy Act From 2015 to 2020

“As
BitMEX’s
founders
and
long-time
employee
admitted
in
federal
court
in
2022,
the
company,
one
of
the
leading
cryptocurrency
derivatives
platforms
in
the
world
from
2015
to
2020,
operated
in
the
United
States
without
any
meaningful
anti-money
laundering
program,
as
required
by
federal
law,”
said
U.S.
Attorney
Damian
Williams
in
a
DOJ
press
release.
“As
a
result,
BitMEX
opened
itself
up
as
a
vehicle
for
large-scale
money
laundering
and
sanctions
evasion
schemes,
posing
a
serious
threat
to
the
integrity
of
the
financial
system.
Today’s
guilty
plea
indicates
again
the
need
for
cryptocurrency
companies
to
comply
with
U.S.
law
if
they
take
advantage
of
the
U.S.
market.”