Two of the co-founders of cryptocurrency exchange and derivative trading platform BitMEX were each fined $10 million as part of guilty pleas Thursday for anti-money laundering (AML) violations under the Bank Secrecy Act (BSA).
Arthur Hayes and Benjamin Delo each pleaded guilty to one count of violating the BSA, which carries a maximum penalty of five years in prison. The two were indicted in the Southern District of New York, along with fellow BitMEX co-founder Samuel Reed and the company’s first employee, Gregory Dwyer, in October 2020.
