Bitcoin Price Crashes $450 on BitMEX CEO Arthur Hayes & Other Founders Indicted on Criminal Charges


Source: bitcoinexchangeguide.com bitcoinexchangeguide.com

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CFTC has charged BitMEX with illegally operating a derivatives trading platform. Back in July 2019 U.S. Commodity Futures Trading Commission (CFTC) started investigating the exchange with a focus on allowing Americans to trade on the platform while not being registered with the agency. But as Jake Chervinsky, general counsel at Compound Finance, said the bigger news is BitMEX founder Arthur Hayes, Samuel Reed, and Benjamin Delo being indicted on charges of violating the Bank Secrecy Act, which carries a maximum prison term of five years. Exchange’s first employee who later became the head of business development, Gregory Dwyer, was also...