US Court Orders BitMEX Parent Company to Pay $100 Million Fine for 'Banking Law Violation'
JH Kim
Summary
- A U.S. court has reportedly imposed a $100 million fine on BitMEX's parent company HDR Global Trading.
- This is a result of charges related to violations of the Bank Secrecy Act, with BitMEX officials admitting to the violations.
- Investors are advised to be cautious of the legal risks associated with cryptocurrency platforms like BitMEX.
On the 15th (local time), according to the cryptocurrency specialist media Cointelegraph, a U.S. court has sentenced HDR Global Trading Limited, the parent company of the cryptocurrency derivatives exchange BitMEX, to two years of probation and a $100 million fine.
Previously, BitMEX was indicted for violations such as the Bank Secrecy Act, and BitMEX founders Arthur Hayes and Benjamin Delo admitted to the violations and paid fines in 2022.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
