BitMEX Guilt in Bank Secrecy Act Violation Shakes Bitcoin Community

1 min read

11 months ago bitnews

BitMEX, once a towering figure in digital asset exchanges, has now admitted to breaching the Bank Secrecy Act (BSA). This plea has highlighted significant anti-money laundering (AML) lapses within the company, shaking the cryptocurrency community. US Attorney Damian Williams remarked on BitMEX’s role in major money laundering and sanctions evasion schemes, jeopardizing financial system integrity.