BitMEX's legal troubles in the U.S. continued as the exchange pled guilty to one count of violating the Bank Secrecy Act.
Crypto exchange and derivative trading platform BitMEX pled guilty Wednesday to violating the Bank Secrecy Act, according to a statement from the U.S. Attorney for the Southern District of New York, saying that BitMEX willfully failed to establish, implement, and maintain an adequate anti-money laundering program.
"BitMEX opened itself up as a vehicle for large-scale money laundering and sanctions evasion schemes, posing a serious threat to the integrity of the financial system," Williams said in Wednesday's statement. "Today’s guilty plea indicates again the need for cryptocurrency companies to comply with U.S. law if they take advantage of the U.S. market."
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