A federal judge in the United States has sentenced HDR Global Trading Limited, also known as the parent company of cryptocurrency exchange BitMEX, to two years of non-supervisory probation and a $100 million fine. Judge John Koeltl handed down the sentence against BitMEX during a hearing on Jan. 15 at the U.S. District Court for the Southern District of New York. The ruling comes about six months after 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 charges “old news” and hinted that no further fines were expected at the time. In a statement to users following the verdict, BitMEX reiterated its claim that the BSA charges were old news, adding: “While we are disappointed with the additional financial penalty, this amount is significantly less than the fines the Department of Justice has levied against us in over three years.”