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.
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