Former BitMEX CEO Arthur Hayes Sentenced to Two Years Probation

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Former CEO of cryptocurrency derivatives exchange BitMEX Arthur Hayes has escaped a real prison term. He has been sentenced to two years probation with house arrest for six months, CoinDesk reports.

Hayes’ deal with the government involved a prison sentence of 6 to 12 months. The charges brought against him threatened with real imprisonment of up to 10 years.

Hayes has said in the courtroom:

“I deeply regret that I participated in this criminal activity. My best years are ahead… I’m ready to turn the page and start over. I ask to be allowed to return home with deep remorse and the opportunity to begin the next chapter of my life.”

He will have within 30 days to choose the place of house arrest, after the successful completion of which he will be able to travel around the world, according to the decision of the judge. Hayes will also have the opportunity to speak with BitMEX co-founders Samuel Reed and Ben Delo.