BitMEX Co-Founder Arthur Hayes Comes Out of Prison High on the Agenda

• – Arthur Hayes, the BitMEX co-founder in the USA, was in prison for some circumstances. In particular, Arthur Hayes, known as the former CEO, was on the agenda with a two-year probation sentence. According to the decision, Arthur Hayes had the chance to spend the first six months of his sentence under house arrest. A lot of news started to appear on the agenda about this event.
• – According to the reports and statements, Benjamin Delo and Samuel Reed, co-founders of Hayes and BitMEX, came to the fore due to crimes in violation. As seen in the prominent news on this subject, the partners and CEO were found guilty of not establishing, implementing, and maintaining an anti-money laundering program in the stock market.

These individuals were unintentionally unsuccessfully violating the Bank Secrecy Act due to the persistence of this situation. On this issue, a case of fines arose separately for those found guilty in the law. As stated in this fine, Benjamin Delo, Samuel Reed, and Hayes had to pay $10 million in fines separately. The news of the BitMEX founders and CEOs who accepted this penalty is continuing to come out.

Criminal Cases Regarding BitMEX Continuing to Take Place on the Agenda!

The person who decided to keep Hayes out of prison, Assistant US Attorney Samuel Raymond, made some statements on the subject. As he stated in his statements, although Arthur Hayes was allowed to stay out of prison, it was stated that if he continued to neglect the law, the fine would be large and this payment would be realized. In addition, some statements have emerged from Arthur Hayes’ lawyer on the subject.

• – James Benjamin, the attorney of Arthur Hayes who was with him in this case, explained that the prosecutors followed the case differently according to the reports on the subject. He stated that this follow-up was in such a way as to become a referendum on the abstract principles they were trying to approve. For this reason, he added that they tried to justify the US policy and concluded this case with cruel punishment.
• – The former BitMEX CEO made some remarks on the matter to the judge in the case about his role in BitMEX’s failure to implement the measures. In his words, he said that he took full responsibility for this role. He also explained his preparations to start over after these events, adding to his words.
• – Benjamin Delo and Reed seem to stand by to punish. Benjamin is in the plan that Delo will be punished in June. Also, it seems that Samuel Reed will be punished in July. In addition, regarding this situation, which is on the agenda, Gregory Dwyer, the former head of business development of BitMEX, also makes statements that he is innocent. Gregory Dwyer, who will be tried for these allegations, is among the plans to be tried in October.