Sam Reed wrote in black and white that he would not be a man if he did not appear in court on demand. Well, he will lose the money.

He was arrested in Massachusetts on October 1, when the US Commodity Futures Trading Commission (CFTC) and the Justice Department sued BitMEX and the black cases that were carried out within its virtual walls (fraud, extortion, money laundering, tax evasion and a bunch of other items). And, of course, a violation of the Bank Secrecy Law. In general, the defendants will have to fork out big and pay for years in prison.

However, there is an opinion that all this is generally bullshit and money decides everything, and Hayes and Reed will remain the actual owners of the exchange.