Arthur Hayes and Benjamin Delo did not intentionally create or implement a system on the trading platform to combatmoney laundering.
BitMEX founders Arthur Hayes andBenjamin Delo pleaded guilty to violating the Bank Secrecy Act and agreed to pay a fine of $10 million each. Hayes and Delo admitted that they did not intentionally create or implement an anti-money laundering (AML) system on the trading platform. The US Department of Justice claims that this made the crypto exchange the number one platform for money laundering.
BitMEX was founded in 2015.In October 2020, US authorities filed charges against the founders of the trading platform. After that, Hayes and Delo left BitMEX, and by January 2021, all users of the crypto exchange had passed the verification procedure.
On March 28, 2022, a preliminary court hearing in the BitMEX case will take place. The former CEO of the trading platform, Arthur Hayes, and the co-founders of the platform, Samuel Reid and Ben Delo, will appear before the court.
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