BitMEX Downplays 2020 BSA Violation as Founders Settle Charges and Avoid Further Penalties

Cryptocurrency derivatives exchange BitMEX has downplayed its violation of the Bank Secrecy Act (BSA) in the United States, calling it “old news” from 2020. The company plans to request an expedited sentencing hearing, indicating that no additional charges will be pursued. On July 10, US Attorney Damian Williams announced that BitMEX had admitted to offering crypto trading services without a proper Anti-Money Laundering (AML) program. BitMEX responded by pointing out that its founders, Arthur Hayes and Benjamin Delo, had already pleaded guilty to the violation and paid fines in 2022. At the time, Hayes and Delo admitted to “willfully failing