Former BitMEX CEO Arthur Hayes surrendered to US officials in Hawaii and was later released after posting a $10 million bond.
April 7, 2021 | AtoZ Markets –Former BitMEX CEO Arthur Hayes surrendered to US authorities in Hawaii on Tuesday, six months after federal prosecutors first filed charges against him and three other BitMEX executives.
BitMEX’s Arthur Hayes Surrenders in Hawaii, Released on $10 Million Bail
In a statement, Hayes’ lawyers described the Singaporean as “a self-made businessman who has been wrongly accused of crimes he did not commit,” adding:
“Mr. Hayes voluntarily appeared in court and hopes to fight these unwarranted charges.”
Hayes was released after posting a $10 million bond pending future proceedings in New York.
As AtoZ Markets reported, Hayes’ attorneys proposed his handover in Hawaii last month. Discussions centered on Hayes’ possible release subject to the $10 million bail, his withholding of a passport to travel between Singapore and the United States, and a mutually agreed waiver of extradition by both parties.
Hayes’ representation began talks with the United States government after his indictment was revealed in October 2020.
The US government is accusing Hayes, BitMEX co-owners Ben Delo and Greg Dwyer, and former BitMEX CTO Samuel Reed of violating the Bank Secrecy Act by failing to maintain adequate safeguards against money laundering and failing to prevent them from US residents accessed the exchange even though the company was not registered with the Commodity Futures Trading Commission (CFTC).
Reed was taken into custody in October, while Delo voluntarily surrendered to authorities in New York last month, and both pleaded not guilty and were released on bail. Dwyer remains at large, but his lawyers say they have notified the US government of Dwyer’s whereabouts and his intention to fight the charges against him.
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