US Court Orders BitMEX Founders to Pay $30M for Illegal Trading
Arthur Hayes, Benjamin Delo and Samuel Reed will each pay $10 million for their role operating BitMEX.
Updated May 11, 2023 at 4:56 p.m. UTC
![BitMEX founder Arthur Hayes (CoinDesk archives)](https://www.coindesk.com/resizer/itEZycPDVoi81CKriTP2os3pUZ8=/567x378/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/N6IABZUQ6BDQRMHRLHE3MJVQLA.jpg)
A federal judge ordered the three co-founders of BitMEX to pay $30 million total for operating an illegal cryptocurrency derivatives platform and violating money-laundering rules, the Commodity Futures Trading Commission said in a Thursday statement.
The U.S. District Court for the Southern District of New York ordered the platform’s founders – Arthur Hayes, Benjamin Delo and Samuel Reed – to each pay a $10 million penalty.
This is a developing story and will be updated.