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BitMEX founders Hayes, Delo plead guilty in U.S. over money-laundering controls

2022/02/24 23:29

According to Bloomberg, BitMEX co-founders Arthur Hayes and Benjamin Delo admitted they failed to establish an anti-money-laundering program at the cryptocurrency exchange, avoiding a trial on federal charges scheduled to begin in New York next month. Hayes and Delo each pleaded guilty Thursday to a single charge of violating the Bank Secrecy Act. Under the plea deal, the parties agreed that the federal sentencing guidelines call for a sentence of six to 12 months each and a fine of $10 million apiece. If convicted at trial, they had faced as much as five years in prison.
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