News Snapshot:
BitMEX founders plead guilty to money laundering and could be arrested BitMEX founders Arthur Hayes and Benjamin Delo pleaded guilty to violating the anti-money laundering (AML) provisions of the United States Bank Secrecy Act. As revealed by the United States Department of Justice (DOJ), the founders of the Seychelles-based cryptocurrency exchange have pleaded guilty to facilitating acts of money laundering. Officials said the derivatives trading platform was “in fact a money laundering platform” due to its intentional failure to implement AML and KYC (Know Your Customer) programs. According to the DOJ, both Hayes and Delo confirmed that BitMEX had weak...
