Pioneering cryptocurrency exchange BitMEX was ordered by a judge to pay a $100 million fine for violating US anti-money laundering law, capping one of the first big criminal enforcement cases targeting the crypto market.

BitMEX crypto exchange said the $100 million ordered by US Judge John G. Koeltl is smaller than the initial amount sought by the government

BitMEX has been fined $100 million for failing anti-money laundering laws and KYC procedures, with founders pleading guilty and emphasizing the need for financial institutions to adhere to such regulations.

The cryptocurrency exchange BitMEX has been fined $100 million for deliberately ignoring U.S. anti-money laundering laws in order to boost revenue, the U.S. Department of Justice said on Wednesday. BitMEX,

Reports just in show that BitMEX has been hit with a $100 million fine. On Wednesday, Manhattan federal judge John G. Koelt passed the latest verdict against the crypto exchange. This brings an end to the years-long saga over money laundering violations in the United States.