The co-founder and former CEO of crypto exchange BitMEX was sentenced to six months of house arrest and two years probation for violating U.S. anti-money-laundering law
Mr. Hayes, who was sentenced at a hearing in federal court in Manhattan on Friday, also was ordered to serve two years probation. He already has paid a $10 million penalty in connection with a settlement with the U.S. Commodity Futures Trading Commission.
Prosecutors said that Mr. Hayes made himself rich by closely studying—then studiously ignoring—U.S. anti-money-laundering laws and regulations meant to stop financial institutions from moving funds for criminals and terrorists.
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