Owners Of BitMEX Face Criminal Charges

BitMEX is a crypto exchange and no small one, to say the least. By the time I write this article, the BitMEX exchange had a volume worth of 2.5 billion US Dollars in the last 24 hours. This exchange gained a lot of attention because users can leverage their digital assets up to 100 times.

The three owners of BitMEX, Arthur Hayes, Ben Delo, and Samuel Reed, and their first employee, Gregory Dwyer, have been charged for willfully evading anti-money laundering requirements. Allegedly each charge carries a jail sentence with a maximum of 5 years. Samuel Reed has already been apprehended.

BitMEX released a statement regarding their charges, “We strongly disagree with the U.S. government’s heavy-handed decision to bring these charges, and intend to defend the allegations vigorously. From our early days as a start-up, we have always sought to comply with applicable U.S. laws, as those laws were understood at the time and based on available guidance.”
They also said, "In the meantime, the BitMEX platform is operating entirely as normal and all funds are safe."

If there are any more developments we will keep you updated.

The official statement BitMEX made: https://blog.bitmex.com/united-states-cftc-doj-filing/