100% agree with what @Febo said the only one who is going to get hurt are small scale investors, I say that because I really think the recent dump in BTC price is because of this news (my opinion). This news triggered a lot of SLs tonight lol
Very possible that it is.
I do not understamd this that why all these exchanges especially those that are operating from US do not make any efforts to be regulatory compliant because we l know rules are strict in US about crypto and investments unless you are fully compliant. So i will blame the team and people behind bitmex and i think it is unprofessional behavior and they have risked not only the investors and traders on their platform but whole crypto market is facing negativity due to this.
Maybe they never saw this coming. They probably are receiving letters and emails for compliance but they've just ignored it. Well, that's what I think and that's why the sanction came to them and they have to deal with it.