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First Mover Asia: BitMEX Saga Leaves Lingering Regulatory Questions, Bitcoin Falls

Arthur Hayes and his BitMEX co-founders must each pay a $10 million fine, but contesting the case against them might have clarified which financial regulatory agency should have primary oversight of crypto; cryptos had a rough weekend.

Updated May 11, 2023, 5:23 p.m. Published May 8, 2022, 10:07 p.m.
Former BitMEX CEO Arthur Hayes (CoinDesk archives)
Former BitMEX CEO Arthur Hayes (CoinDesk archives)