Former CEO of BitMEX releases $10 million bail after surrender in Hawaii

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[Blockchain Today reporter Seo-yeon Jang] Cointelegraph reported that the former CEO of BitMEX was released on bail for $10 million after surrendering in Hawaii.

Former BitMEX CEO Arthur Hayes surrendered to US authorities in Hawaii on Tuesday, six months after a federal prosecutor’s first indictment against him and three fellow executives.

Hayes’ lawyers said in a statement that a Singapore resident was “a self-proclaimed entrepreneur who was falsely accused of a crime he did not commit.” .

Hayes was released after issuing a $10 million bail bond, awaiting future progress in New York.

Hayes’ lawyers proposed surrendering in Hawaii last month. Debates focused on Hayes’ possible release were about a $10 million bail bond, the maintenance of a passport for travel between Singapore and the United States, and abandonment of extradition, a mutually agreed offense.

Hayes spokespersons began talking with the U.S. government after his charges were released in October 2020.

The government sued Hayes and BitMEX co-owners Ben Delo and Greg Dwyer. And Samuel Reed, former CTO of BitMEX, failed to comply with legal anti-money laundering measures, and failed to prevent US residents from accessing the exchange even though the company was not registered with the Commodity Futures Trading Commission. Violation of protection laws.

Reed was arrested in October, and Delo was released on bail, pleading innocence late last month, and voluntarily surrendering to New York authorities. Deweyer still remains in great controversy, but his lawyers state that he has informed the U.S. government that he is willing to fight his whereabouts or charges against him.

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