- BitMEX’s CEO Arthur Hayes and three others were charged with violation of the Bank Secrecy Act
- The Commodity Futures Trading Commission alleged the company executed derivatives transactions on an unregistered board
- FBI Assistant Director William F. Sweeney Jr. said the four defendants willfully evaded anti-money laundering requirements
Authorities have filed charges against the owners of derivatives cryptocurrency exchange BitMEX for allowing money laundering to thrive on the platform.
BitMEX’s CEO Arthur Hayes, company executives Samuel Reed and Ben Delo, and its first employee Gergory Dwyer were charged with violation of the Bank Secrecy Act and conspiring to violate the act, the Department of Justice announced Thursday.
Reed was arrested in Massachusetts while the others were still at large, said the New York Times.
The Commodity Futures Trading Commission (CFTC) alleged that the Hong Kong-based company executed derivatives transactions such as futures and options on an unregistered board. The