Cryptocurrency Exchange BitMEX Pleads Guilty to Violating Bank Secrecy Act

BitMEX says it has long since rectified operations following the 2020 violations, for which its founders were already sentenced two years ago.

A visual representation of the decentralized cryptocurrency bitcoin is pictured in London, England, on May 30, 2021. Edward Smith/Getty Images

Cryptocurrency exchange BitMEX has pleaded guilty to one count of violating the Bank Secrecy Act for failing to establish, implement, and maintain an adequate anti-money laundering program, the Department of Justice (DOJ) announced on July 10.

HDR Global Trading Limited, an entity registered in the Republic of Seychelles that owns the cryptocurrency exchange, entered the guilty plea in the U.S. District Court for the Southern District of New York.