BitMEX Co-Founder Samuel Reed Pleads Guilty in U.S. Prosecution

Reed, 32, the former chief technology officer at the cryptocurrency exchange, admitted he violated the Bank Secrecy Act by failing to implement an anti-money laundering program and agreed to pay a fine of $10 million

• Reed’s fellow co-founders, Arthur Hayes and Benjamin Delo, pleaded guilty in the case late last month and also agreed to pay $10 million each
• Reed faced as much as five years in prison if convicted at trial; Reed and prosecutors agreed that federal sentencing guidelines call for him to serve as little as no jail time or up to six months in prison ...