“BitMEX co-founder Arthur Hayes deserves more than a year in prison,” U.S. Attorney said.

According to US prosecutors, the co-founder of cryptocurrency exchange BitMEX – Arthur Hayes – should have been behind bars for more than 12 months as his company violated anti-money laundering laws. It is estimated that the court will sentence him to spend six months to a year in federal prison. because he confessed

The BitMEX platform made headlines in October 2020 when the Commodity Futures Trading Commission (CFTC) accused its co-founders Arthur Hayes, Benjamin Delo and Samuel Reed of failing to set up and maintain the AML program, with prosecutors arguing that the management’s actions were “inappropriate”. has changed the trading place to “Money Laundering Platform”

The lawsuit has led to $100 million in financial penalties on BitMEX as the co-founder has to step down.

In February of this year, Hayes confessin the allegations against him This could cost him six to 12 months in prison. He also agreed to pay a $10 million fine.

However, the US Attorneyseethat this punishment did not seem severe enough Taking into account the violations he committed, Hayes deserved to be in federal prison for more than a year.

Hayes’ lawyers, meanwhile, insisted that his client should not be held in custody and should allow him to travel freely abroad. They argued that the case was a turning point for future violations. and will help the US government Solve financial crimes related to crypto platforms.

The probation office also believes Hayes should not go to jail, recommending two years probation.

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