Arthur Hayes. Picture: BLOOMBERGFounders of the pioneering crypto-derivatives exchange BITMEX were charged with skirting US laws preventing money laundering and hit with civil sanctions as well, abruptly sending the price of bitcoin down.
Federal Bureau of Investigation assistant director William F Sweeney Jr said in a statement. The Commodity Futures Trading Commission brought a parallel civil action. “From our early days as a start-up, we have always sought to comply with applicable US laws, as those laws were understood at the time and based on available guidance.”
Hayes was a tireless marketer, repeatedly promoting BITMEX on US television shows, according to the indictment. In 2018, BITMEX rented three Lamborghinis to park outside a Bitcoin conference in Manhattan. Hayes “declared this ‘stunt’ a success”, based on the coverage he got, prosecutors said. Sean Hecker and Jenna Dabbs, attorneys for Dwyer, said in a statement they were “surprised and dismayed” by the indictment.
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