Crypto Exchange Bitmex Pleads Guilty to Violating Bank Secrecy Act, AML Failures
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Crypto exchange Bitmex has pleaded guilty to violating the Bank Secrecy Act (BSA) by failing to maintain an adequate anti-money laundering (AML) program, resulting in the company being a vehicle for large-scale money laundering. The DOJ announced this plea following previous legal actions and settlements. Bitmex says: “We have accepted the BSA charge, will seek […]
President Donald Trump has granted pardons to the three co-founders of the prominent crypto exchange, BitMEX, and a fourth high-ranking employee. The pro-crypto president granted pardon to BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed alongside Gregory Dwyer, the former head of business development, media outlet CNBC reported. The…
Two co-founders of the BitMEX exchange have pled guilty to charges of violating the Bank Secrecy Act Arthur Hays and Ben Delo now face up to five years in prison following separate $10 million fines... [[ This is a content summary only. Visit my website for full links, other content,…