Arthur Hayes has dodged prison time over the BitMEX scandal 🚨 But the former CEO didn't get everything he wanted during sentencing 👇
Arthur Hayes has dodged prison after pleading guilty to failing to implement anti-money laundering measures at BitMEX.
While the lack of a jail sentence is something of a victory for Hayes, the judge stopped short of allowing him to serve his house arrest abroad. Instead, he'll be able to select a location within the U.S. "I deeply regret that I had a part in this criminal activity. My best years are ahead of me… I am ready to turn the page and start again. I ask that you allow me to return home, deeply remorseful and able to start the next chapter of my life."
They said that his offense was a serious one — not least because operating platforms without rigorous checks in place creates a "magnet for people to launder money."
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