Bitcoin
Bitcoin (BTC)
$83,969.00 2.29943
Bitcoin price
Ethereum
Ethereum (ETH)
$1,866.46 2.79249
Ethereum price
BNB
BNB (BNB)
$613.51 3.01454
BNB price
Solana
Solana (SOL)
$127.43 2.74899
Solana price
XRP
XRP (XRP)
$2.14 3.14162
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000128 5.26421
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000075 6.87749
Pepe price
Bonk
Bonk (BONK)
$0.0000117 6.31892
Bonk price
dogwifhat
dogwifhat (WIF)
$0.426893 0.03467
dogwifhat price
Popcat
Popcat (POPCAT)
$0.195779 5.61944
Popcat price
Bitcoin
Bitcoin (BTC)
$83,969.00 2.29943
Bitcoin price
Ethereum
Ethereum (ETH)
$1,866.46 2.79249
Ethereum price
BNB
BNB (BNB)
$613.51 3.01454
BNB price
Solana
Solana (SOL)
$127.43 2.74899
Solana price
XRP
XRP (XRP)
$2.14 3.14162
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000128 5.26421
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000075 6.87749
Pepe price
Bonk
Bonk (BONK)
$0.0000117 6.31892
Bonk price
dogwifhat
dogwifhat (WIF)
$0.426893 0.03467
dogwifhat price
Popcat
Popcat (POPCAT)
$0.195779 5.61944
Popcat price
Bitcoin
Bitcoin (BTC)
$83,969.00 2.29943
Bitcoin price
Ethereum
Ethereum (ETH)
$1,866.46 2.79249
Ethereum price
BNB
BNB (BNB)
$613.51 3.01454
BNB price
Solana
Solana (SOL)
$127.43 2.74899
Solana price
XRP
XRP (XRP)
$2.14 3.14162
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000128 5.26421
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000075 6.87749
Pepe price
Bonk
Bonk (BONK)
$0.0000117 6.31892
Bonk price
dogwifhat
dogwifhat (WIF)
$0.426893 0.03467
dogwifhat price
Popcat
Popcat (POPCAT)
$0.195779 5.61944
Popcat price
Bitcoin
Bitcoin (BTC)
$83,969.00 2.29943
Bitcoin price
Ethereum
Ethereum (ETH)
$1,866.46 2.79249
Ethereum price
BNB
BNB (BNB)
$613.51 3.01454
BNB price
Solana
Solana (SOL)
$127.43 2.74899
Solana price
XRP
XRP (XRP)
$2.14 3.14162
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000128 5.26421
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000075 6.87749
Pepe price
Bonk
Bonk (BONK)
$0.0000117 6.31892
Bonk price
dogwifhat
dogwifhat (WIF)
$0.426893 0.03467
dogwifhat price
Popcat
Popcat (POPCAT)
$0.195779 5.61944
Popcat price

BitMEX ordered to pay $100m fine for violation of U.S. banking laws

Jayson Derrick
Edited by
News
BitMEX ordered to pay $100m fine for violation of U.S. banking laws

Crypto exchange BitMEX has been ordered to pay a $100 million penalty for violating U.S. banking laws.

A federal judge ordered HDR Global Trading Limited, BitMEX’s parent company, to pay the penalty along with a two-year unsupervised probation sentence.

In a ruling on Wednesday, January 15, 2025, U.S. District Court Judge John Koeltl, of the Southern District of New York, rejected BitMEX’s argument that an earlier $110 million fine was sufficient for its violations.

The order comes six months after BitMEX’s parent company pleaded guilty to charges of violating the U.S. Bank Secrecy Act. In July 2024, the company downplayed the new guilty plea as “old news,” pointing out that its founders had already made similar pleas in 2022.

Following the judge’s decision on Jan. 15, BitMEX issued a brief statement

“Whilst we are disappointed to learn of the imposition of an additional financial penalty, the amount is substantially less than what the Department of Justice have been pursuing us for over 3 years.”

BitMEX acknowledged that during the case, the U.S. Department of Justice initially sought over $200 million as part of a plea deal settlement. After the exchange rejected that offer, the government pursued penalties of up to $420 million.

“Given that the Court has determined an amount substantially below these levels is a justification of our stance and we query whether U.S. taxpayer resources could have been better applied over this period,’ BitMEX wrote.