Third Founder Of Cryptocurrency Exchange Pleads Guilty To Bank Secrecy Act Violations \ stacker news ~bitcoin

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Third Founder Of Cryptocurrency Exchange Pleads Guilty To Bank Secrecy Act Violations www.justice.gov/usao-sdny/pr/third-founder-cryptocurrency-exchange-pleads-guilty-bank-secrecy-act-violations

10 sats \ 5 comments \ @k00b 10 Mar 2022 bitcoin

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10 sats \ 3 replies \ @cryptocoin 10 Mar 2022

A previous post on SN relating to the prior two who pled guilty:

BitMEX Founders Hayes, Delo Plead Guilty in U.S. Over Money-Laundering Controls | Bloomberg #12656 https://www.bloomberg.com/news/articles/2022-02-24/bitmex-founders-hayes-and-delo-plead-guilty-in-us-prosecution

0 sats \ 1 reply \ @cryptocoin 10 Mar 2022

Decrypt article on this:

The DoJ also highlighted that in May 2018, Reed was notified of allegations that BitMEX was being used to launder the proceeds of a cryptocurrency-related hack. Neither Reed—nor BitMEX—filed a suspicious activity report thereafter.

What’s more, Reed also “knew that BitMEX’s purported withdrawal from the U.S. market in or about September 2015 was a sham,” the DoJ added.

BitMEX Co-Founder Pleads Guilty to Violating Bank Secrecy Act https://decrypt.co/94769/bitmex-co-founder-pleads-guilty-to-violating-bank-secrecy-act

And, from CoinDesk:

Final BitMEX Co-Founder Pleads Guilty to US Violations https://www.coindesk.com/policy/2022/03/09/final-bitmex-co-founder-pleads-guilty-to-us-violations