The statistics surrounding BitMEX’s legal issues are staggering. In 2020, the U.S. Department of Justice charged BitMEX and four of its key figures with violating the Bank Secrecy Act. Arthur Hayes, the former CEO, received a two-year probation sentence. Co-founder Benjamin Delo was sentenced to 30 months of probation, while Samuel Reed got 18 months. Greg Dwyer, a senior employee, faced 12 months of probation. All four individuals eventually pleaded guilty. The exchange itself also pleaded guilty to the same charge in the previous year. In a separate action, the Commodity Futures Trading Commission fined BitMEX $100 million in 2021 for violating the Commodity Exchange Act and other regulations. Recently, U.S. President Donald Trump granted full and unconditional pardons to Hayes, Delo, Reed, Dwyer, and BitMEX’s operating entity, HDR Global Trading. These statistics highlight the significant legal and financial repercussions faced by BitMEX and its leadership.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
