embattled bitmex co founders to pay 30m in civil fine

BitMEX Co-Founders to Pay $30 Million in Civil Fine

The co-founders of BitMEX were fined $30 million by the US Commodity Futures Trading Commission (CFTC). The trio has been charged with breaking the US Bank Secrecy Act.

The fine was imposed in the form of a Consent Order, requiring each of the founders to pay $10 million. BitMEX was cleared by the authorities in August of last year after paying $100 million in fines.

(Read More) Source blockchain.news