Having pleaded guilty to violating the US bank secrecy law, the co-founder of the cryptocurrency exchange BitMEX is sentenced to 6 months of house arrest. Arthur Hayes, will also have to pay a fine of $ 10 million.

Founder and former CEO of cryptocurrency exchange BitMEX, Arthur Hayes, 36, will have to pay a $10 million fine and serve a two-year probation period following his house arrest for failing to establish an anti-money laundering program at BitMEX, which he founded with Benjamin Delo and Samuel Reed in 2014. Hayes was convicted Friday in Manhattan federal court.

Poenaors said BitMEX was "actually a money laundering platform," and Hayes did nothing after learning in 2018 of allegations that BitMEX was being used to launder the proceeds of a cryptocurrency hack.