Arthur Hayes, co-founder of Bitmex, will not go to prison for breaking the US Bank Secrecy Act. Instead, the former CEO of a cryptocurrency exchange was sentenced to 'six months of house arrest and two years of probation.' Hayes has agreed to pay a $10 million penalty.
Hayes pleaded guilty in February to one count of violating the Bank Secrecy Act (BSA), and he faces a maximum sentence of 12 months in jail.
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