BitMEX enhanced their partnership with surveillance corporation Chainalysis to “identify, investigate, and stop illicit transactions.” BitMEX was already using a Chainalysis product (as a Chainalysis representative told Cointelegraph), but now they had integrated with the “real-time transaction monitoring compliance” product from Chainalysis. The blog post from BitMEX opened with the following:
As part of our long-term partnership with Chainalysis, we are deepening our integration with this leading blockchain intelligence provider to bolster our ability to identify, investigate, and stop illicit transactions. By layering Chainalysis’ highly regarded KYT (Know Your Transaction) screening capabilities over our existing processes, we are broadening our compliance capabilities to continue to ensure the BitMEX platform is as secure as possible.
This happened about three months after Chainalysis had rated BitMEX as “high risk” because the U.S. Department of Justice charged several BitMEX executives with “facilitating money laundering.”