Hayes pleaded guilty to one count of violating the Bank Secrecy Act (BSA) in February, and faces a sentence of up to 12 months in prison.
Arthur Hayes will be sentenced for violation of the U.S. Bank Secrecy Act on Friday.
Co-founders Arthur Hayes, Benjamin Delo and Samuel Reed must each pay $10 million, the CFTC said.
Arthur Hayes, Benjamin Delo and Samuel Reed will each pay $10 million for their role operating BitMEX.
Lawyers for Arthur Hayes argued he was unlikely to be a repeat offender and included a letter of support from his mother.
The global job cuts will impact about 25% of the company's workforce and come after plans by a company founded by BitMEX executives to buy a German bank fell through in March.
The post-Merge bond-like appeal and ESG-compliant label would make ether more attractive than other layer 1 cryptocurrencies, according to BitMEX co-founder Arthur Hayes.
The deal, which was expected to complete later this year, was called off by a mutual agreement, according to reports.
Samuel Reed will pay a $10 million fine for violating anti-money laundering rules.
The tokens allow users to get trading discounts and other benefits on using BitMEX.