BitMEX hit with an additional penalty following its 2022 guilty plea
BitMEX fined $100M for AML violations following a guilty plea in 2022. The US court also ordered a two-year probation for the exchange. The operator of BitMEX cryptocurrency exchange, HDR…
Ex-FTX Executive Nishad Singh sentenced to time served after guilty plea
Nishad Singh has been sentenced to time served and three years of supervised release. The judge noted Singh’s limited involvement compared to other FTX executives. Singh cooperated with prosecutors, aiding…
Paxful co-founder agrees to plea deal, faces up to 5 years in jail
Paxful’s lack of AML led to regulatory breaches, prompting leadership changes. Artur Schaback pled guilty to failing to maintain AML and KYC programs at Paxful. Schaback faces up to 5…