BitMEX Founders Hayes and Delo Plead Guilty to Anti-Money Laundering Violations

Breaking news in the cryptocurrency world: Two BitMEX founders, Arthur Hayes and Benjamin Delo, have pleaded guilty to violating U.S. anti-money-laundering laws. This marks a significant development in the ongoing legal battles surrounding the popular Bitcoin derivatives trading exchange.

According to a Thursday press release from the U.S. Department of Justice, two of the three co-founders of Bitcoin derivatives trading exchange BitMEX, Arthur Hayes and Benjamin Delo, admitted their culpability. The Department of Justice said Thursday that Arthur Hayes and Benjamin Delo, co-founders of the crypto derivatives exchange BitMEX, have pleaded guilty to violating U.S. anti-money-laundering law.

Damian Williams, the United States Attorney for the Southern District of New York, announced that Arthur Hayes and BENJAMIN DELO, founders and executives of BitMEX, entered their guilty pleas. The charges stem from their failure to implement adequate anti-money laundering (AML) programs at BitMEX, allowing the platform to be used for illicit activities.

Two of the co-founders of cryptocurrency derivatives exchange BitMEX have pleaded guilty to violating U.S. anti-money-laundering law and agreed to each pay a $10 million fine. This underscores the serious consequences of non-compliance with U.S. regulations within the cryptocurrency industry.

The case against Hayes and Delo highlights the increasing scrutiny and regulatory pressure being applied to cryptocurrency exchanges globally. Stay tuned for further updates as the sentencing process unfolds and more details emerge regarding the ramifications for BitMEX and the broader crypto landscape.