Former CEO of the BitMEX cryptocurrency derivatives exchange Arthur Hayes surrendered to the American authorities.
Under the terms of the agreement, he arrived in Hawaii from Singapore and was brought before a federal judge in Honolulu. Hayes was released on $ 10 million bail secured by $ 1 million in cash and obligations to his mother.
The ex-head of BitMEX will reside in Singapore. Under the standard bail conditions, he is not required to own a firearm and is required to report any contact with law enforcement to the US authorities within 24 hours.
The US Commodity Futures Trading Commission (CFTC) filed a lawsuit against BitMEX and its owners in October 2020. Additionally, the Justice Department charged Hayes, Ben Case, head of business development Greg Dwyer, and CTO Samuel Reid with bank secrecy violations.
We will remind, Arthur Hayes is preparing to surrender to the American authorities.
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