A federal judge has sentenced HDR Global Trading Limited, also known as the parent company of cryptocurrency exchange BitMEX, to two years of unsupervised probation and a $100 million fine.

This aspect was emphasized when the judge referred to Delo’s role in the drafting of a “liquidation system” purportedly designed to generate BitMEX profits during the manipulative manoeuvres.

Cryptocurrency exchange BitMEX was fined $100 million for failing to maintain an adequate anti-money-laundering and know-your-customer program. The fine imposed on BitMEX on Wednesday was lower ...