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Former BitMEX Executives to Face Trial in March 2022

Arthur Hayes, Benjamin Delo, and Samuel Reed face up to five years in prison per charge if convicted.

Updated Sep 14, 2021, 12:54 p.m. Published May 13, 2021, 10:27 a.m. 1 min read

Three former executives of crypto derivatives trading platform BitMEX will face trial in the U.S. next Spring.

March 28, 2022, is the trial date set by U.S. District Court Judge John Koeltl in New York, according to documents filed on May 11.
Arthur Hayes, Benjamin Delo, and Samuel Reed were charged by the U.S. Department of Justice in October with violating the Bank Secrecy Act and conspiracy to violate the act, followed shortly by the arrest of former CTO Reed.
Former CEO Hayes gave himself up in Hawaii in April, following the surrender of co-founder Delo a month earlier.
The defendants’ discovery motions are due June 4, 2021, with the government’s response due two days later and the defendants’ reply a month after that, according to a second document.
The charges each carry a maximum penalty of five years in prison.

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2 oras ang nakalipas

Ether drops below $2,000 amid heavy selling pressure, yet futures open interest hits a record high. This divergences suggests aggressive shorting.

Ano ang dapat malaman:

Ether has fallen below $2,000 for the first time since March amid rising risk aversion, with losses of nearly 8% over the past week.
Open interest in ether futures has hit a record high even as prices drop, a combination that suggests aggressive leveraged selling and a bearish market tilt.