BREAKING: BitMEX founder Arthur Hayes avoids jail time, sentenced to six months of home detention
Arthur Hayes, one of the founders of crypto exchange BitMEX, avoided jail time Friday during his sentencing hearing in New York.
Hayes was handed a sentence of six months of home detention as part of a two-year probationary period. He had previously pleaded guilty to violating the US Bank Secrecy Act . "I'm ready to turn the page," Hayes said before the sentencing hearing. A representative for Hayes declined to comment following the hearing's conclusion.“Hayes profited greatly from BitMEX, personally earning over one hundred million dollars, while willfully and continuously operating the Company in violation of the BSA, by failing to implement an anti-money laundering program,” the prosecution in a May 9 letter to the court.
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