BitMEX was hit with a $100 million fine on Wednesday by Manhattan federal judge John G. Koeltl — the latest ruling against the cryptocurrency exchange in the years-long saga over money laundering violations in the United States.

Lawyers for the exchange had argued that the previous $110 million fine and previous guilty pleas were sufficient punishment for the violations that occurred between 2015 and 2020, but Koeltl disagreed. Law360 I reported the news for the first time.

Founders Arthur Hayes and formerly Benjamin Delo He pleaded guilty in 2022 On similar charges, they each agreed to a criminal fine of $10 million. In a statement On Wednesday, BitMEX said the ruling represented a smaller penalty than what the US government had previously sought, but it did not agree that a fine was necessary.

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