BitMEX Executive Pleads Guilty to Violating Anti-Money Laundering Act

Gregory Dwyer, who formerly served as BitMEX’s head of business development, pleaded guilty to violating the Bank Secrecy Act for "failing to establish, implement, and maintain an anti-money laundering program" at BitMEX. "Today’s plea reflects that employees with management authority at cryptocurrency exchanges, no less than the founders of such exchanges, cannot willfully disregard their obligations under the Bank Secrecy Act," U.S. Attorney Damian Williams said in a press release. The U.S. Attorney previously secured judgements against the firm's three co-founders, Arthur Hayes, Benjamin Delo and Samuel Reed.