A U.S. federal judge has sentenced HDR Global Trading Limited, also known as the parent company of cryptocurrency exchange BitMEX, to two years of non-supervised probation and a $100 million fine. Judge John Koeltl handed down his verdict against BitMEX at a hearing in the U.S. District Court for the Southern District of New York on January 15. About six months ago, the cryptocurrency exchange pleaded guilty to violating the U.S. Bank Secrecy Act (BSA) by operating without "any meaningful" anti-money laundering program. In July 2024, the cryptocurrency company called the allegations "old news" and hinted that no further fines were expected at the time. In a statement to users after the verdict, BitMEX reiterated its claim that the BSA charges were old news, adding: "While we are disappointed with the additional financial penalty, it is a much smaller amount than what the Department of Justice has levied on us for more than three years."