BitMEX founders plead guilty to Bank Secrecy Act violations

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BitMEX founders plead guilty to Bank Secrecy Act violations
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The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. DOJ, admitting to “willfully failing to establish, implement, and maintain an anti-money laundering program.”

The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. Department of Justice .to “willfully failing to establish, implement, and maintain an anti-money laundering program” at their crypto derivatives and futures exchange, BitMEX.

Both Hayes and Delo made their guilty pleas ahead of the March trial date, and have agreed to pay $10 million in criminal fines each.

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