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Court orders BitMEX co-founders pay a total of $30 million in CFTC civil case

The Commodity Futures Trading Commission (CFTC) has hit the founders of crypto exchange BitMEX with a total of $30 million in civil monetary penalties. US regulators lodged suits against BitMEX and its executive team in October 2020. An August 2021 settlement found that BitMEX facilitated the trading and processing of swaps without the necessary CFTC licensure. In addition to failing to register with the CFTC, that order also found the firm failed to implement sufficient anti-money laundering and know-your-customer checks.  …