BitMEX Mastermind Arthur Hayes Pleads Guilty, Avoids Jail Time

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The picture is getting clearer for BitMEX co-founder Arthur Hayes. The judge called what he did “a willful violation of the Bank Secrecy Act,” but he still got two years probation. Hayes will serve the first six months of that sentence in home confinement, but that’s it. The banker and entrepreneur will not set foot … Read more

Former BitMEX CEO Arthur Hayes Avoids Prison Time, Sentenced to 2 Years Probation

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The co-founder and former CEO of the crypto derivatives platform BitMEX was sentenced to two years of probation, with the first six months to be spent in home confinement. In late 2020, the Commodity Futures Trading Commission (CFTC) accused the company’s co-founders – Arthur Hayes, Benjamin Delo, and Samuel Reed – of operating a digital … Read more

Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

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Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation. Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in … Read more

Crypto Biz: Amid crypto carnage, Goldman and Barclays fill their bags, May 12-18, 2022

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Some of the world’s biggest banks are increasing their exposure to the digital asset market despite the recent market volatility. Is this a sign of things to come? Has there ever been a worse time to be in crypto? It depends on how you look at it. Amid Terra’s death spiral, Bitcoin (BTC) recording seven-consecutive … Read more

BitMEX Announces New Spot Bitcoin And Crypto Exchange

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BitMEX has released a spot exchange allowing the company to offer direct access to bitcoin and other cryptocurrencies instead of only trading derivatives. BitMEX announces a new spot exchange for bitcoin and other cryptocurrencies. BitMEX previously offered a platform for derivatives of bitcoin and other cryptocurrencies but will now offer direct asset trading. The spot … Read more

BitMEX Unveils Spot Exchange to Lure Retail Crowd

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BitMEX is all set to expand its product offering with the introduction of a spot new market to attract the retail crowd. At launch, the exchange will support seven trading pairs with Bitcoin (BTC), Ethereum (ETH), Chainlink’s LINK, Uniswap’s UNI, Polygon’s MATIC, and Axie Infinity’s AXS and APE. All the cryptocurrencies will be traded against … Read more

BitMEX launches spot crypto exchange following $30M penalty

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Founded in 2014, BitMEX is one of the world’s oldest crypto trading platforms, but it has never offered spot crypto trading till now. Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform. BitMEX officially announced on May 17 that its spot crypto exchange, the … Read more

US Prosecutors: BitMEX Co-Founder Arthur Hayes Deserves More Than a Year in Prison

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According to US prosecutors, the Co-Founder of the cryptocurrency exchange BitMEX – Arthur Hayes – should stay behind bars for more than 12 months because his company violated anti-money laundering laws. It is expected that the court will sentence him to spend between six months and one year in federal prison since he pleaded guilty … Read more