BitMEX co-founder and former CEO Arthur Hayes, who plead guilty to violating the Bank Secrecy Act, has asked for no jail time and the freedom to travel freely and live abroad, according to Bloomberg. By NelWang
Hayes and co-founder Benjamin Delo, as well as former Chief Technology Officer Samuel Reed, all acknowledged they had operated BitMEX, a crypto spot and derivatives trading platform, with poor anti-money laundering protocols and agreed to pay a fine of $10 million each.
Hayes’ lawyers filed a request for probation after agreeing to a plea deal that would result in a prison sentence of six to 12 months under federal guidelines, according to Bloomberg. The lawyers argued that Hayes is unlikely to be a repeat offender, and included a letter from his mother and other supporters, Bloomberg wrote.Hayes will be sentenced by a federal judge later this month.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Job openings hit new records, while 4.5 million Americans quit or changed jobs in March, reflecting labor market strengthWhile workers continue to feel emboldened to freely switch jobs, they may not quite have the leverage they did even a few month ago.
Read more »
David Birney, 'St. Elsewhere' Actor, Dead at 83'St. Elsewhere' and 'Bridget Loves Bernie' star David Birney has died at 83.
Read more »
Ex-Nintendo CEO acknowledges blockchain holds potential for gaming experiencesWhile the perception of blockchain and play-to-earn technology is still unfavorable among some conventional gamers, certain veterans of the gaming... Continue reading
Read more »
Aston Martin CEO Tobias Moers Replaced By Ex-Ferrari Boss Amedeo Felisa | CarscoopsAston Martin CEO Tobias Moers Replaced By Ex-Ferrari Boss Amedeo Felisa | Carscoops carscoops
Read more »
Sen. Elizabeth Warren Questions Fidelity’s Plan to Put Bitcoin in 401(k)sIn a letter to Fidelity’s CEO, Sens. Elizabeth Warren and Tina Smith asked for information on the extent to which potential conflicts of interest might have affected the decision to offer bitcoin.
Read more »