Arthur Hayes and Ben Delo both pleaded guilty to violating the Bank Secrecy Act while at the helm of BitMEX and agreed to each pay $10 million in penalties.
The two could still be sentenced to five years in prison, with their spokespeople saying that they regret their actions and accept responsibility for their actions.
The founders of one of the world’s largest Bitcoin derivatives exchanges have pleaded guilty to violating U.S banking laws and face up to five years behind bars for their crimes. Arthur Hayes and Ben Delo, founders of BitMEX exchange also agreed to pay $10 million each in penalties.
In a press release, the U.S Justice Department said that Arthur and Ben had pleaded guilty to violating the U.S Bank Secrecy Act by knowingly failing to establish an anti-money laundering program at BitMEX.
Founders of cryptocurrency exchange plead guilty to bank secrecy act violations https://t.co/HDro0zieEA
— US Attorney SDNY (@SDNYnews) February 24, 2022
The two pleaded guilty be
