BitMEX co-founder Benjamin Delo received 30 months of probation – Bits Media

Another top manager of the BitMEX cryptocurrency exchange was sentenced for violating the Bank Secrecy Act. The court treated Benjamin Delo gently and gave him a suspended sentence for 30 months.

As reported by CoinDesk, the verdict was announced 15 june. In February Benjamin Case (Benjamin work) admitted his guilt in “voluntary failure of development, implementation and support of anti-money laundering procedures" on the BitMEX exchange.

At the same time, prosecutors demanded a year in prison or a two-year suspended sentence with house arrest for six months for the co-founder of BitMEX. The former CEO of the exchange, Arthur Hayes, received a similar punishment in May. (Arthur Hayes).

Judge John Koeltl (John Koeltl) called the crimes of the case “extremely serious”, especially, that the co-founder of BitMEX himself was aware of the lack of AML procedures and user identification. but, the judge admitted, that the exchange later took all necessary steps.

"When I look around, “I see a fundamental failure in fixing problems in our systems.”, – noted Delo during the meeting.

The case is a British citizen, and lives in Hong Kong. Суд пошел на уступки и разрешил ему вернуться в Гонконг для отбытия условного наказания. Адвокаты остались довольны результатом дела.

Recall, that BitMEX head of business development Gregory Dwyer is on trial (Gregory Dwyer) scheduled for October this year.