BitMEX: 'Bank Secrecy Act Violation Plea? Old News...No Fines'

IconCryptoNewsTerminal Staff11 Jul, 2024

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BitMEX: 'Bank Secrecy Act Violation Plea? Old News...No Fines'

In the early hours of today, headlines screamed that BitMEX had pleaded guilty to Bank Secrecy Act violations. However, BitMEX has dismissed the news as old (2020) and stated that there will be no further prosecution by the US Department of Justice (DOJ). BitMEX founders Arthur Hayes and Benjamin Delo have already pleaded guilty to Bank Secrecy Act violations and paid fines in 2022. Therefore, BitMEX explained that the DOJ will not impose additional fines.