The company explained the dismissal of staff by optimizing the next stage of the business.

Crypto exchange BitMEX has cut a quarter of its staff, writes The Block, citing sources familiar with the situation. They claim that the company employs about people, which means that the layoffs will affect 75 employees. They were briefed last week.

“BitMEX is making personnel changes to streamline the next phase of the business. Our main priority is to provide support to all employees who will be affected,” said the representative of the crypto exchange. The company emphasized that they would continue to operate as usual and declined to comment further.

In late February, BitMEX founders Arthur Hayes and Benjamin Delo pleaded guilty to violating the bank secrecy law and agreed to pay a fine of $ million each. Hayes and Delo admitted that they did not intentionally create or implement an anti-money laundering (AML) system on the trading platform. The US Department of Justice claims that this made the crypto exchange the number one platform for money laundering.

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