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Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

Cryptocurrency May 22, 2022 04:00AM ET
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Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in New York reportedly sentenced two-year probation and six months of home detention to founder and ex-CEO Arthur Hayes.

Arthur Hayes, along with the other BitMEX co-founders — Benjamin Delo and Samuel Reed — and the company’s first non-employee Gregory Dwyer, pleaded guilty to the Bank Secrecy Act (BSA) violations on Feb 24, admitting to “willfully failing to establish, implement and maintain an Anti-Money Laundering (AML) program at BitMEX.”

Indictment against BitMEX co-founders and employees for violating BSA. Source: Justice.gov

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Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap
 

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