BitMEX ex official Gregory Dwyer admits to violating Bank Secrecy Act

A BitMEX former executive, Gregory Dwyer, has plead guilty to the charge of violating the Bank Secrecy Act.

Dwyer plead guilty in the United States District Court for the Southern District of New York.

Dwyer joins three top executives at BitMEX management being indicted for violating the U.S. Bank Secrecy Act.

A one-time head of business development at BitMEX, Dwyer admitted his guilt of violating the Bank Secrecy Act in court.

As part of a plea deal, Dwyer would pay a $150,000 fine.

The other three executives have already pleaded guilty earlier.

Former CEO Arthur Hayes and one of the co-founders, Ben Delo, admitted their guilt on Feb. 24, 2022, while the third co-founder, Samuel Reed entered a plea two weeks later.

Hayes was sentenced to two years probation, Delo received 30 months of probation, and Reed is facing up to five years in prison.

Leave a Reply

Your email address will not be published.