BitMEX Co-Founder Deserves More Than a Year in Jail, US Says
- Prosecutors urge judge to send message to crypto platforms
- Hayes’s laywers asked for no jail time for his crime
This article is for subscribers only.
BitMEX co-founder Arthur Hayes should spend significantly more than a year in federal prison for failing to implement an anti-money-laundering program at the pioneering cryptocurrency exchange, US prosecutors said.
Hayes, 36, of Miami, a former Citigroup Inc. equities trader who co-founded BitMEX in 2014, pleaded guilty in February. He is scheduled to be sentenced May 20, and federal prosecutors on Thursday submitted their recommendation to US District Judge John Koeltl in Manhattan.