Former BitMEX co-founder and CEO Arthur Hayes is seeking no jail time and no stay abroad permission in anticipation of his sentencing later this month.
Lawyers for the 37-year-old American entrepreneur filed a request for probation, with no home confinement or community confinement, after he struck a plea deal that would result in a prison sentence of six to 12 months under federal guidelines. bloomberg,
Hayes, along with former chief technology officer Samuel Reed and BitMEX co-founder Benjamin Delo, were fined $10 million for failure to set up an anti-money-laundering program on the exchange.
Former BitMEX CEO gets mother’s support
Hayes received support from his mother and fans in the form of a 65-page proposal that includes “photos and letters.” His lawyers have presented their case before the judge.
“This is a landmark case that has already had an extraordinary and well-publicized impact on Mr. Hayes’ personal life and BitMEX business,” the proposal states.
Following the co-founders’ guilty plea in February, prosecutor Damien Williams said: “The opportunities and benefits of operating in the United States are military, but they owe an obligation to those businesses to do their part to help drive the crime.” role play. and corruption.
“Arthur Hayes and Benjamin Delo created a company designed to meet those obligations; they deliberately failed to implement and maintain original anti-money laundering policies. They saw BitMEX as a shadow of the financial markets. Today’s guilty pleas reflect the continued commitment of this office to the investigation and prosecution of money laundering in the cryptocurrency sector.”
Hayes also made some bold predictions about gold and bitcoin (BTC) in March. In an article titled “Energy Cancelled”, he wrote about the future of finance and expects gold to hit $10,000, while bitcoin could rise to $1 million after Russia’s invasion of Ukraine.