Cryptocurrency derivatives exchange BitMEX announced a settlement of claims by the US Commodity Futures Trading Commission (CFTC) and the US Financial Crimes Enforcement Network (FinCEN).
In October 2020, the CFTC filed a lawsuit against the management of the BitMEX exchange, accusing him of illegally doing business in the United States and violating the KYC and AML rules. Subsequently, regulators accused the top managers of the exchange of withdrawing $ 440 million from the site after the start of the investigation. However, it appears that the agency’s claims were settled with a $ 100 million refund. BitMEX CEO Alexander Höptner said:
“Today is a very important day for our company and we are very happy to leave it all behind. As the cryptocurrency industry matures, we have also become the largest derivatives marketplace, with all of our users going through verification procedures. Comprehensive user verification, strict compliance with regulatory requirements and anti-money laundering procedures are not only hallmarks of our company, but also the foundation for long-term success. ”
Höptner also stressed that the site will continue to take its users extremely seriously and comply with the requirements of regulators around the world. Recall that Hoeptner became CEO of BitMEX at the end of 2020, after the previous management resigned amid accusations from American regulators. The former CEO of the exchange, Arthur Hayes, moved to Singapore and surrendered to the US authorities in April this year.
