Arthur Hayes has reportedly surrendered himself to U.S. authorities in Hawaii, to face charges of failing to implement money laundering protections at BitMEX exchange.
The U.S.’s expanding offensive on digital asset players should be a clear signal that existing regulatory structures apply to the digital asset ecosystem.
Under the terms of the bond, Ben Delo can travel back to the United Kingdom and return to the United States only when called upon by the court.
Two prominent names in the Crypto Crime Cartel were arrested as the long overdue legal reckoning chews through prominent industry companies and individuals at the start of what is set to be a busy 2021.
Plaintiffs in a lawsuit against top leaders at embattled digital currency exchange BitMEX want the presiding judge to keep the suit alive.
BitMEX's active user base is now 100% KYC verified. After the exchange was sued by the CFTC and DOJ it has taken steps to become compliant.
Alexander Hoptner will join the exchange in January 2021 to take over from Vivien Khoo who has been serving as the interim CEO since Arthur Hayes stepped down in October.
The latest lawsuit claims that in launching BitMEX, the defendants intentionally sidestepped mandatory financial controls and refused to implement any KYC or AML checks.
Leaked documents show that Binance has a comprehensive plan to undermine the ability of anti-money laundering and sanctioned enforcement agencies to detect illegal activity being committed.
BMA's new court filing accuses BitMEX executives of looting over $440 million from the exchange to reduce the total assets that could be seized from BitMEX.
BitMEX's executives are confident in the future of the exchange and its ability to comply with existing laws around digital currency exchanges.