BitMEX, a cryptocurrency exchange that pioneered derivatives trading for digital assets, was hit with a $100 million fine by a Manhattan federal judge yesterday, Law360 reported.
Why it matters: It's the second mega-fine against the company, which paid $110 million in a civil action brought by the CFTC in 2021.
What they're saying: "Anti-money laundering and know-your-customer rules protect Americans," Matthew Podolsky, attorney for the United States, said in a statement. "Today's sentence sends a clear message."
Go deeper: BitMEX pled guilty to the charges in July.
