The creators of Bitmex have actually been bought to pay $30 million “for unlawfully running a cryptocurrency derivatives trading platform and anti-money laundering offenses.” Arthur Hayes, Benjamin Delo, and Samuel Reed should pay $10 million each.
Bitmex’s Creators Fined $30 Million
The Product Futures Trading Commission (CFTC) revealed Thursday that the U.S. District Court for the Southern District of New york city has actually bought Bitmex’s creators to pay an overall of $30 million dollars “for unlawfully running a cryptocurrency derivatives trading platform and anti-money laundering offenses.”
Keeping in mind that the 3 Bitmex co-founders are Arthur Hayes, Benjamin Delo, and Samuel Reed, the CFTC clarified:
The orders need each to pay a $10 million civil financial charge, and likewise advise Hayes, Delo, and Reed from more offenses of the Product Exchange Act (CEA) and CFTC policies, as charged.
The orders come from a CFTC grievance submitted in October 2020 versus Bitmex and its 3 creators.
The CFTC dealt with the action versus Bitmex in August 2021 that “integrated a $100 million civil financial charge and injunctions versus future offenses of the CEA and CFTC policies,” the derivatives guard dog detailed.
The U.S. Lawyer’s Workplace for the Southern District of New york city likewise “arraigned Hayes, Delo, Reed, and another private on charges of willfully triggering Bitmex to breach the Bank Secrecy Act and conspiracy to devote that very same offense,” the CFTC kept in mind, elaborating:
Hayes, Delo, and Reed have actually gotten in guilty pleas to count among the indictments versus them.
The 3 are set up to be sentenced in the upcoming weeks, the derivatives regulator included.
What do you think of Bitmex’s co-founders needing to pay $30 million? Let us understand in the remarks area listed below.
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