BitMEX Pleads Guilty to Bank Secrecy Act Violations
CryptoNewsTerminal Staff10 Jul, 2024
BitMEX Pleads Guilty to Bank Secrecy Act Violations
BitMEX, a global cryptocurrency exchange, has reportedly pleaded guilty to violations of the Bank Secrecy Act, according to the Unfolded X account. In April, a U.S. court rejected a motion to dismiss a lawsuit against BitMEX co-founder Ben Delo, who was accused of violating the Bank Secrecy Act, among other things. The plea by BitMEX marks a significant development in the ongoing legal battle between the exchange and U.S. authorities.