From CoinTelegraph:

The co-founders of BitMEX, Arthur Hayes, Benjamin Delo, and Samuel Reed, pleaded guilty to criminal charges in 2022 and were sentenced to probation. This marks a significant development in the legal proceedings against the cryptocurrency exchange platform.
The guilty pleas come as regulators and law enforcement agencies crackdown on illegal activities in the cryptocurrency industry. BitMEX was accused of facilitating money laundering and operating an unregistered trading platform, leading to the criminal charges against the co-founders.
Arthur Hayes, Benjamin Delo, and Samuel Reed faced charges related to violating anti-money laundering laws and operating an unregistered trading platform. The guilty pleas indicate a shift in the legal landscape for cryptocurrency exchanges and highlight the consequences of non-compliance with regulations.
The plea deal reached by the co-founders of BitMEX includes probation as part of their sentence. This outcome reflects the serious nature of the charges against them and emphasizes the importance of adhering to regulatory requirements in the cryptocurrency industry.
The guilty pleas by the co-founders of BitMEX serve as a warning to other cryptocurrency exchanges and industry participants to ensure compliance with anti-money laundering laws and registration requirements. This case demonstrates the potential legal consequences for those who engage in illegal activities within the cryptocurrency space.

Read more at Cointelegraph: BitMEX pleads guilty to Bank Secrecy Act violation