BitMEX Founders Fined $30M for Illegal Operations
US Court fined BitMEX founders $30M for operating an illegal crypto platform. The $30M will be divided by three co-founders: Arthur Hayes, Benjamin Delo, and Samuel Reed. The three are scheduled to be sentenced in the upcoming weeks. The Commodity Futures Trading Commission (CFTC) revealed that the US District Court for the Southern District of New York has charged Bitmex’s founders “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” A press release also stated that founders Arthur Hayes, Benjamin Delo, and Samuel Reed, need to pay $30 million. In detail, these founders need to split the
