As reported earlier, the US CFTC charged the operators of BitMEX will illegally running a crypto derivatives platform with breaches of the US Bank Secrecy Act. While the CFTC previously filed a civil lawsuit against BitMEX, the FBI is coming after the exchange with criminal charges and the maximum penalty will be 5 years in prison. BitMEX is an extremely popular crypto exchange that introduced perpetual swap contracts for BTC which have now become the main standard in the industry. The exchange is a favorite among the BTC traders because of the ease of access. Before this year, the exchange didn’t require KYC or AML verification but from August this year, they reported implementing mandatory KYC regulations.