BitMEX Co-founder Samuel Reed pleaded guilty to violating the Bank Secrecy Act (BSA). for violating the BSA by willfully failing to establish, implement, and maintain an anti-money laundering (AML) program at BitMEX. Under the terms of his plea agreement, Reed agreed to pay a separate criminal fine of $10 million. Previously, the other two founders of BitMEX, Arthur Hayes and Benjamin Delo, had pleaded guilty to the same offense in February 2022.
