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US Court Orders BitMEX Founders to Pay $30M for Illegal Trading
Arthur Hayes, Benjamin Delo and Samuel Reed will each pay $10 million for their role operating BitMEX.
A federal judge ordered the three co-founders of BitMEX to pay $30 million total for operating an illegal cryptocurrency derivatives platform and violating money-laundering rules, the Commodity Futures Trading Commission said in a Thursday statement.
The U.S. District Court for the Southern District of New York ordered the platform’s founders – Arthur Hayes, Benjamin Delo and Samuel Reed – to each pay a $10 million penalty.
STORY CONTINUES BELOW
This is a developing story and will be updated.
Jesse Hamilton
Jesse Hamilton is CoinDesk's deputy managing editor on the Global Policy and Regulation team, based in Washington, D.C. Before joining CoinDesk in 2022, he worked for more than a decade covering Wall Street regulation at Bloomberg News and Businessweek, writing about the early whisperings among federal agencies trying to decide what to do about crypto. He’s won several national honors in his reporting career, including from his time as a war correspondent in Iraq and as a police reporter for newspapers. Jesse is a graduate of Western Washington University, where he studied journalism and history. He has no crypto holdings.
