BitMEX, the cryptocurrency exchange, has been sentenced to a $100 million fine and two years of unsupervised probation by Judge John Koeltl in the US District Court for the Southern District of New York. This decision comes approximately six months after BitMEX's plea of guilty in 2022 for violations of the US Bank Secrecy Act, attributed to its failure to implement an effective Anti-Money Laundering program. After the judgment, BitMEX expressed disappointment but noted that the fine was significantly less than the amount the Department of Justice had pursued. As part of this sentencing, all remaining charges against the exchange were dropped at the request of the government, marking a resolution to the lengthy legal issues surrounding the firm. Further developments are anticipated as the case progresses.

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