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BitMEX Founder Arthur Hayes Plans to Surrender

BitMEX Founder Arthur Hayes Plans to Surrender

BitMEX’s founder and former CEO, Arthur Hayes, plans to voluntarily surrender to US authorities next month on a proposed $ 10 million bail.According to court documents seen by The Block, Hayes plans to travel to Hawaii on April 6 from Singapore, where she currently lives with her husband. Hayes’s $ 10 million bail proposal, secured in cash for $ 1 million and signed by his mother, is subject to court approval.

Bitmex Ceo Arthur Hayes

Hayes first discussed a delivery agreement with US authorities earlier this month. Now, as part of the bail conditions, Hayes also offered to reside in Singapore on a pre-approved trip to New York and retain his passport for travel between Singapore and the USA.Hayes – along with co-founders Ben Delo and Samuel Reed – was accused in October by the US Commodity Futures Trading Commission (CFTC) of operating BitMEX in violation of CFTC rules. The US Department of Justice also accused three executives of alleged violations of the Bank Privacy Act, along with Greg Dwyer, BitMEX’s first employee and head of business development.

Delo surrendered to US authorities earlier this week and was subsequently released on $ 20 million bail. Reed was arrested last October and later released with $ 5 million. Dwyer is still on the run, but US authorities have initiated extradition proceedings against him.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

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