BitMEX executives dismissed after money laundry charges

DeFi dump continues as experts believe the bubble has bursted BitMEX executives were charged with violating the Bank Secrecy Act and operating an unregistered trading platform. They were accused of purposely failing to establish, implement, and maintain an adequate anti-money laundering (AML) program. CFTC also alleged that BitMEX received over $11 billion in Bitcoin deposits and made more than $1 billion in fees as most of the business the exchange conduct are from the US. This is after the firm backed out of the US market in 2015. After all these charges, BitMEX was poised to contest charges against them…