BitMEX Fined $100 Million for Violating US Bank Secrecy Act

Pioneering cryptocurrency exchange BitMEX was ordered by a judge to pay a $100 million fine for violating US anti-money laundering law, capping one of the first big criminal enforcement cases targeting the crypto market.

US District Judge John Koeltl on Wednesday imposed the fine after BitMEX pleaded guilty in July to breaking the Bank Secrecy Act, which requires safeguards that include verifying customer identities and programs to prevent money laundering.

The case against BitMEX is one of the last to be resolved by the US Justice Department as the Joe Biden administration winds down. President-elect Donald Trump has promised ...