Ex-BitMEX CEO Asks For No Prison Time In 'Novel' AML Case

Share on facebook
Share on twitter
Share on linkedin
Share on reddit

By Rachel Scharf (May 5, 2022, 3:06 PM EDT) — The co-founder and former CEO of offshore cryptocurrency derivatives exchange BitMEX sought to avoid prison Wednesday after pleading guilty in what he called a “first-of-its-kind” criminal case alleging the platform flouted U.S. anti-money laundering requirements.

Arthur Hayes, 36, is scheduled for a May 18 sentencing after admitting in February that he knowingly allowed American customers to trade on BitMEX without proper safeguards. He asked Manhattan U.S. District Judge John G. Koeltl to order probation without any travel restrictions so he can return to Singapore, where he was living at the time of the 2020 indictment on Bank Secrecy Act violations….

Read more

Explore the site

More from the blog

Latest News