Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX, has escaped a real prison sentence. According to CoinDesk, he was sentenced to six months of house arrest and two years of probation.
Hayes’ deal with the government included prison terms of between 6 and 12 months. The charges against him threatened with a real restriction of freedom of up to 10 years.
“I am deeply sorry for participating in this criminal activity. My best years ahead… I’m ready to turn the page and start over. “I ask that I be allowed to return home in the courtroom with deep regret and an opportunity to begin the next chapter of my life,” Hayes said.
Within 30 days, he will have to choose a place of house arrest where, upon successful completion, he can travel the world at the judge’s discretion. Hayes will also be able to connect with BitMEX co-founders Samuel Reid and Ben Delo.
In October 2020, the U.S. Department of Justice and CFTC Hayes sued Delo, Reed, and Greg Dwyer, the company’s head of business development, for violating the Bank Secrecy Act, and KYC/AML-procedures.
Arrested in the US that same month, Reid was released on $5 million bail. Dava and Hayes surrendered to US authorities in March and April 2021, respectively. They were released on $20 million and $10 million bail.
Recall that Hayes, Delo, and Reed were guilty of violating the Bank Secrecy Act and agreed to pay a fine of $10 million each.
In September 2021, Dwyer agreed to extradition to the United States. His case was adjourned to October 2022.
Source: Fork Log
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