Feds Say BitMEX Should Owe $428M For Flouting AML Rules https://www.law360.com/capitalmarkets/articles/1882019?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-09-25&read_main=1&nlsidx=0&nlaidx=1 By Aislinn Keely Federal prosecutors urged a Manhattan federal judge to impose a $428 million penalty for offshore crypto derivatives exchange BitMEX after the firm admitted to lax anti-money laundering procedures, arguing the more than $100 million the firm and founders have already paid to regulators is not enough to deter other crypto firms from Bank Secrecy Act violations. Memorandum attached | Read full article » https://www.law360.com/capitalmarkets/articles/1882019?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-09-25&read_more=1&nlsidx=0&nlaidx=1 | Save to favorites » https://www.law360.com/capitalmarkets/articles/1882019?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-09-25&read_later=1&nlsidx=0&nlaidx=1