The US Federal Court has issued a decision obliging the BitMEX cryptocurrency exchange to pay $100 million in fines for violating the Bank Secrecy Act (BSA). This decision followed the recognition of HDR Global Trading Limited (the parent company of BitMEX) guilty of non-compliance with anti-money laundering (AML) and KYC standards.

The trial, which began in 2020, ended on January 15, 2025 in the Southern District of New York. BitMEX has not implemented an effective user verification system and has limited itself to collecting only emails. Earlier, the authorities claimed that the company had illegally earned $155 million in the United States.

Since the start of the investigation, BitMEX has already paid $100 million in fines as part of an agreement with the CFTC and FinCEN. The founders of the platform were also given suspended sentences and additional fines.