Bitmex will pay $ 100 million as part of the settlement of US authorities

The Bitmex cryptocurrency exchanger settlement settlement of a civil dispute with the U.S. Stop Exchange Trade Commission (CFTC) and the financial crime network (Fincen). The company agreed to pay a fine of $ 100 million.

According to Fincen, Bitmex has not implemented or supported the programs to combat money laundering and verification of customers for more than six years.

According to the regulator, the exchange conducted transactions in the amount of at least $ 209 million with well -known Darknet markets and unregistered monetary services providing mixing services. Bitmex also conducted transactions involving jurisdictions with high risk and alleged fraudulent schemes. At least in 588 cases, the exchange did not send reports on suspicious transactions (SAR).

Fincen discovered that BitMex statements about the absence of users from the USA among its customers did not correspond to reality. In addition, in some cases, the leadership of the exchange falsified information about such users to hide their real location.

In addition to paying penalties, Bitmex agreed to attract an independent consultant to conduct a retrospective analysis of data on her transactions. Within its framework, it will be determined whether the exchange should submit additional reports on suspicious activity (SAR) for this activity.

BitMex will also conduct two independent checks to confirm the availability of relevant politicians, procedures and controls that guarantee that the exchange does not work in the USA.

The company should immediately pay $ 80 million from the fine by the Мережа Celsius regulator. Payment of the balance of $ 20 million is suspended until the successful completion of the analysis by SAR and inspections.

In October 2020, CFTC filed a lawsuit against Bitmex and its owners. The commission accused them of managing an unregistered trading platform and violation of CFTC rules in terms of KYC/aml procedure.

Additionally, the Ministry of Justice presented to the co -founders of BitMEX Arthur Hayes, Ben Del and Samuel Reed, as well as the head of the development of the exchange of the exchange Greg Duyer, accusations of violating the US law on banking secrets.

Rida was arrested in the United States and he came bail up $ 5 million. The case voluntarily surrendered in March 2021 and he was released on bail of $ 20 million. Heyes surrendered to the US authorities in April, the amount of his pledge was $ 10 million.

Recall that criminal charges against them are in force and the court in New York appointed a preliminary meeting in the case on March 28, 2022.