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Former BitMEX CEO Arthur Hayes Requests for No Jail Term and Freedom to Travel

Arthur Hayes, the co-founder and former CEO of crypto derivatives trading platform BitMEX, has filed a request for leniency in his sentencing, which is scheduled for later this month.
Hayes Asks for No Jail Time
According to a Bloomberg report today, Hayes’ legal representatives had filed a request for probation with a Manhattan federal judge, with no home detention or community confinement. This was after the BitMEX founder signed a plea deal that would entail a reduced prison sentence of six-to-12 months under federal guidelines.
In the 65-page submission, which contained photographs and letters from supporters, including his mother, Hayes asked for no jail time and permission to live and travel abroad.
The lawyers pointed out that the United States vs. Hayes case could act as a precedent for the U.S. government to understand better how to prosecute subsequent financial crimes conducted on crypto trading platforms around the world. They also noted that the former BitMEX CEO would l

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