The long-awaited verdict in the case of money laundering over BitMEX cryptocurrency exchange was finally delivered. One of four New York Federal District Courthouses was reported to have sentenced the founder and former CEO to two years probation and six months home detention. Arthur Hayes.

Arthur Hayes, along with the other BitMEX co-founders — Benjamin Delo and Samuel Reed — and the company’s first non-employee Gregory Dwyer, Pledged guilty to violations of the Bank Secrecy ActOn February 24, admitting to “willfully failing to establish, implement and maintain an Anti-Money Laundering (AML) program at BitMEX.”