Crypto exchanges

Arthur Hayes received a suspended sentence

The former CEO of cryptocurrency derivatives exchange BitMEX, Arthur Hayes, avoided a real prison sentence. He was sentenced to two years of probation with six months of house arrest, writes CoinDesk.

Hayes’ deal with the government called for six to 12 months in prison. The charges against him threatened a real prison term of up to 10 years.

“I deeply regret that I participated in this criminal activity. My best years are ahead of me … I am 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,” Hayes said in the courtroom.

He will have 30 days to choose a home detention location, after the successful completion of which he will be able to travel around the world, according to the judge’s ruling. Hayes will also be able to communicate with BitMEX co-founders Samuel Reed and Ben Delo.

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