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AML, Crypto, Fraud, US

Ex-BitMEX CEO faces house arrest over AML charges and slapped with $10M (€9.3M) penalty

By Alisha Houlihan for AMLi

The former CEO and co-founder of cryptocurrency derivatives exchange, BitMEX have been sentenced to serve six months in house arrest for failing to establish a money-laundering prevention program that complied with US law.

Arthur Hayes, who was sentenced at a hearing in federal court in Manhattan on Friday, was also sentenced to two years of probation.

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