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- BitMEX co-founder and ragged CEO Arthur Hayes has handed himself into U.S. authorities
- Hayes pleaded no longer guilty and became launched on a $10 million bond
- Four ragged BitMEX high ranking workers had been charged with operating an unlicensed commerce and facilitating money laundering
BitMEX co-founder Arthur Hayes has been launched on a $10 million bond after pleading no longer guilty to monetary crimes for the duration of a court hearing in Hawaii. Hayes became acknowledged final month to had been negotiating his renounce, with April 6 posited because the aptitude date, and so it has proved. Hayes and his felony personnel flew to Honolulu where he faced a resolve in terms of costs of conspiring to circumnavigate U.S. felony guidelines requiring the implementation of cash-laundering controls. Hayes pleaded no longer guilty and became freed to return to Singapore sooner than a trial later this 300 and sixty five days.
Hayes to Battle “Unwarranted Costs”
Hayes and fellow accused Benjamin Delo and Samuel Reed had been the subjects of an indictment launched six months in the past following a 300 and sixty five days-long investigation of BitMEX by the Commodity Futures Trading Commission’s (CFTC), with head of industry operations Gregory Dwyer also allegedly enthusiastic.
The CFTC accused the quartet of no longer doing ample to stop U.S. customers from the usage of BitMEX, which for a lot of years became an unregulated margin trading space, and likewise doubtlessly facilitating money laundering attributable to their lack of AML/KYC protocols. As Hayes regarded sooner than a federal resolve in Honolulu his attorneys launched an announcement which acknowledged that Hayes “is a self-made entrepreneur who has been wrongly accused of crimes that he did no longer commit, including that, “Mr. Hayes voluntarily regarded in court and appears to be like to be ahead to fighting these unwarranted costs.”
BitMEX Four Practically Rounded Up
Delo also pleaded no longer guilty in his hearing final month, alongside with his felony authentic stating that, “The costs against Ben are faux and signify unwarranted overreach by the U.S. authorities.” Reed became arrested the same day because the costs had been unveiled against the BitMEX four and launched pending trial.
Dwyer is accrued at huge, even if his felony personnel immediate Bloomberg that, “We had been in touch with the federal government on Mr. Dwyer’s behalf and have educated them of his whereabouts”, including that he plans to protect himself.