# BREAKING: BitMEX announces $100M settlement with FinCEN, CFTC

Crypto derivatives exchange BitMEX has agreed to pay up to $100 million to resolve a case from the United States Commodity Futures Trading Commission and the Financial Crimes Enforcement Network.

In an announcement today, BitMEX said it had reached a settlement with the two government agencies in regards to civil charges against the exchange. No mention was made of criminal charges against former CEO Arthur Hayes or any other executives at the firm.

“We are very glad to put this behind us,” said BitMEX CEO Alexander Höptner. “We take our responsibilities extremely seriously, and will continue to actively engage with regulators around the world to ensure that we play a positive role in helping to shape the future of this extraordinary asset class.”

This story is developing and will be updated.