Share this article
BTC
$87,547.80
+
2.90%ETH
$1,649.10
+
2.53%USDT
$0.9997
-
0.00%XRP
$2.1264
+
2.25%BNB
$605.99
+
1.97%SOL
$141.20
+
0.39%USDC
$0.9996
-
0.01%DOGE
$0.1621
+
2.21%TRX
$0.2448
+
0.71%ADA
$0.6431
+
2.03%LINK
$13.58
+
4.14%LEO
$9.3975
+
0.76%AVAX
$20.23
+
1.68%XLM
$0.2542
+
3.31%TON
$3.0282
+
0.91%SHIB
$0.0₄1278
+
3.72%HBAR
$0.1723
+
4.12%SUI
$2.2276
+
3.32%BCH
$339.94
+
0.46%HYPE
$18.31
+
0.65%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Ex-BitMEX CEO Hayes Asks for No Jail Time, Ability to Travel Freely: Report
Lawyers for Arthur Hayes argued he was unlikely to be a repeat offender and included a letter of support from his mother.
BitMEX co-founder and former CEO Arthur Hayes, who pleaded guilty to violating the Bank Secrecy Act in February, has asked for no jail time and the freedom to travel freely and live abroad, according to a report from Bloomberg.
- Hayes and co-founder Benjamin Delo, as well as former Chief Technology Officer Samuel Reed, all acknowledged they had operated BitMEX, a crypto spot and derivatives trading platform, with poor anti-money laundering (AML) protocols and agreed to pay a fine of $10 million each.
- Hayes’ lawyers filed a request for probation after agreeing to a plea deal that would result in a prison sentence of six to 12 months under federal guidelines, according to Bloomberg.
- The lawyers argued that Hayes is unlikely to be a repeat offender, and included a letter from his mother and other supporters, Bloomberg wrote.
- Hayes surrendered to U.S. authorities in Hawaii in April to face charges.
- Hayes will be sentenced by a federal judge later this month.
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
