News Snapshot:
Samuel Reed – one of three co-founders of the BitMEX crypto exchange – has joined his colleagues Arthur Hayes and Benjamin Delo in pleading guilty to disobeying the Bank Secrecy Act’s anti-money laundering provisions. - BitMEX is based in the East African Seychelles Archipelago, north of Madagascar. Founded in 2014, it facilitates the trading of cryptocurrency and related derivatives products. - Like Hayes and Delo last month, Reed has pleaded guilty to “willfully failing to establish, implement, and maintain an anti-money laundering (“AML”) program at BitMEX,” according to the Justice Department. - Specifically, Reed failed to follow U.S. KYC and...
