Arthur Hayes, Benjamin Delo and Samuel Reed previously pled guilty to violating the Bank Secrecy Act, for failing to maintain anti-money laundering and know-your-customer programs.
The trio received criminal sentences of probation and were ordered to pay civil fines totaling $30 million related to a lawsuit by the Commodity Futures Trading Commission.
The three men also separately agreed to each pay a $10 million criminal fine related to gains from their conduct, according to prosecutors’ statements at the time.
Stupid bank secrecy act law!! Shocked to see Trump do this. Big fan of Hayes. While I don’t agree with him 100% (him pumping and dumping shitcoins) overall I think he has great knowledge about markets banking and macro. Plus bitmex was all Bitcoin no KYC until the USA screwed their business model with the bogus BSA law
Stupid bank secrecy act law!! Shocked to see Trump do this. Big fan of Hayes. While I don’t agree with him 100% (him pumping and dumping shitcoins) overall I think he has great knowledge about markets banking and macro. Plus bitmex was all Bitcoin no KYC until the USA screwed their business model with the bogus BSA law
So true!
The same has been done by India to all International exchanges in 2023.
Man so they held their ground and also got pardoned?
Free Samourai Wallet and TdevD