HG
HDR Global Trading Limited
pardonFinancial / FraudFurther reading
Convicted of
HDR Global Trading Limited was the parent company that owned and operated BitMEX, the cryptocurrency derivatives exchange whose founders were simultaneously charged with Bank Secrecy Act violations. HDR Global pleaded guilty as a corporate entity to one count of willfully failing to establish, implement, and maintain an adequate anti-money laundering program as required by US law. The company had operated BitMEX without the know-your-customer controls and anti-money laundering procedures that financial institutions are required to maintain, allowing users to trade anonymously in a manner that prosecutors alleged facilitated money laundering by drug traffickers and other criminals. HDR Global was sentenced separately from its individual co-founders and employees, with its sentencing occurring on January 15, 2025 — five days before Trump's second inauguration — with a $100 million fine imposed.
Original sentence
HDR Global Trading Limited was sentenced on January 15, 2025, to two years' unsupervised probation and a $100,000,000 fine. It received a full and unconditional pardon on March 27, 2025, alongside the individual founders and employee.
Post-pardon activity
0mentions
0new offenses
No post-pardon activity recorded yet.
This profile updates automatically each day if HDR appears in the news.