JUST IN: Former BitMEX CEO Arthur Hayes was sentenced to two years probation, with home detention for six months with location monitoring in a New York court on Friday. cheyenneligon reports
in February to charges he willfully failed to implement an anti-money laundering program at the exchange.
“I deeply regret that I had a part in this criminal activity,” Hayes said. “My best years are ahead of me. … I am ready to turn the page and start again. I ask that you allow me to return home, deeply remorseful and able to start the next chapter of my life.” Hayes’s sentencing came as somewhat of a surprise. A plea deal Hayes made with the government earlier this year outlined a sentencing guideline of six to 12 months in prison. The charges he faced carried a maximum sentence of 10 years in prison.
In a sentencing memo submitted on May 12, prosecutors rejected the Probation Department’s recommendation and urged Judge Koeltl to hand down a sentence above the six- to 12-month sentence stipulated in the plea deal.
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