Global Digital Finance’s Anti-Money Laundering Working Group advisory council Malcolm Wright is now the chief compliance officer of troubled crypto derivatives exchange’s BitMEX operator.
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The BitMEX cofounders may be out, but their bios are still up on the exchange's website (Photo: BitMEX)BitMEX’s Samuel Reed released on $5M bail
The cryptocurrency derivatives exchange’s CTO was one of four executives arrested on Oct. 1, when criminal and civil charges alleging insufficient money laundering protections were unsealed
Under the terms of his bail, Reed had to put up $500,000 in cash. In addition, both he and his wife had to surrender their passports. He can only travel in New York, Massachusetts, and Wisconsin, with parole office approval.
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Attorney General William Barr brings the law enforcement hammer down on crypto (Photo: Department of Justice)DoJ launches law enforcement guide to crypto
The Department of Justice’s extensive report, ‘Cryptocurrency: An Enforcement Framework,’ singles out many of the challenges cryptocurrencies bring to law enforcement
U.S. Attorney General William Barr today released an 83-page report detailing the threats and challenges cryptocurrencies pose to law enforcement, and in some ways, it’s a doozy.
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Arthur Hayes out at BitMEX
With its three co-founders under indictment for money laundering in the U.S., the Seychelles-based cryptocurrency derivatives exchange has dumped its leadership
CEO Arthur Hayes and co-founders Benjamin Delo, and Samuel Reed, as well as head of business development Gregory Dwyer, have stepped down after the U.S. Department of Justice indicted them for violating the Bank Secrecy Act and conspiring to violate the Bank Secrecy Act. The charges are based on what prosecutors say are deliberately weak and inefficient customer identification procedures.
