Former BitMEX Exec Greg Dwyer Sentenced to 1 Year Probation
Main page News, US, Cryptocurrency Exchanges, Money Laundering, Regulations, BitMEX

Gregory Dwyer, BitMEX's Head of Business Development, has been sentenced to one year probation for violating US banking laws.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

According to a report from The Sydney Morning Herald, the court allowed to serve his probation outside the US in Bermuda. Dwyer was also fined $150,000 on charges brought by the US Department of Justice.

A spokesman for Dwyer said that his client is "relieved to have this matter behind him and looks forward to getting on with his life – both personally and professionally."

BitMEX CEO Alexander Höptner Steps Down: Report

They also added that even the government "concedes that Mr Dwyer did not have control over BitMEX's operations or the company’s approach to compliance, and we are not aware of charges of this nature ever being brought against a similarly situated individual."

In February this year, Arthur Hayes and Ben Delo, the founders of BitMEX, were also pleaded guilty to violating US law. They both agreed to pay $10 million in separate fines.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Please describe the error