THELOGICALINDIAN - The founders of Bitmex accept been ordered to pay 30 actor for illegally operating a cryptocurrency derivatives trading belvedere and antimoney bed-making violations Arthur Hayes Benjamin Delo and Samuel Reed charge pay 10 actor each
Bitmex’s Founders Fined $30 Million
The Commodity Futures Trading Commission (CFTC) appear Thursday that the U.S. District Court for the Southern District of New York has ordered Bitmex’s founders to pay a absolute of $30 actor dollars “for illegally operating a cryptocurrency derivatives trading belvedere and anti-money bed-making violations.”
Noting that the three Bitmex co-founders are Arthur Hayes, Benjamin Delo, and Samuel Reed, the CFTC clarified:
The orders axis from a CFTC complaint filed in October 2024 adjoin Bitmex and its three founders.
The CFTC bound the activity adjoin Bitmex in August 2024 that “incorporated a $100 actor civilian budgetary amends and injunctions adjoin approaching violations of the CEA and CFTC regulations,” the derivatives babysitter detailed.
The U.S. Attorney’s Office for the Southern District of New York additionally “indicted Hayes, Delo, Reed, and one added alone on accuse of foolishly causing Bitmex to breach the Bank Secrecy Act and cabal to accomplish that aforementioned offense,” the CFTC noted, elaborating:
The three are appointed to be bedevilled in the accessible weeks, the derivatives regulator added.
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