The Former CEO of BitMEX Surrendered himself to Authorities in Hawaii
The authorities from the United States have recently announced that they had successfully arrested the former CEO of BitMEX. The authorities have revealed that Arthur Hayes, who was the former CEO of BitMEX had surrendered himself in Hawaii. They have also confirmed that they had arrested Arthur Hayes from Hawaii back on Tuesday, April 6, 2021.
The authorities have also revealed that just six months ago, the first charges on Hayes and three more BitMEX executives had been levied by the federal prosecutors.
Following the surrender from Arthur Hayes, the lawyer representing the defendant made his statement about Hayes’ reputation. In the statement, the lawyer claimed that Hayes, who is a resident from Singapore is an entrepreneur who is self-made.
The lawyer also claimed that Arthur Hayes has been accused of crimes and fraudulent schemes that he had never committed in the firsts place. He also added that Hayes is more than willing to fighting and defending his reputation.
This is the reason why he has appeared before the court voluntarily and is ready to face the unwarranted charges that have been charged on his profile.
The sources have revealed that after surrendering himself to the US Authorities, Hayes has successfully gotten himself released after providing a bail bond for $10 million. However, the court has confirmed and announced that Hayes will be presenting himself at the New York court in future proceedings.
The sources have also confirmed that Arthur Hayes had first proposed to surrender himself back in March. In the proposal, Hayes had added some conditions that included the possibility of his bail by providing a $10 million bond. Another condition is that he will be provided with his passport that he will use to travel between the USA and Singapore.
The last condition Hayes had added to his proposal was the extradition waiver. The sources have confirmed that Hayes proceed with the surrendering after the authorities had agreed to all the conditions.
The US authorities went after Arthur Hayes alongside three more executives from BitMEX claiming that the exchange was illegally offering services to the US citizens. The authorities claimed that in order for the exchange to operate in the United States, it needed proper licensing from Commodity Futures Trading Commission (CFTC).
However, the BitMEX exchange was not at all registered at CFTC and the exchange continued offering its services. Furthermore, the exchange even failed to adhere to the anti-money laundering regulations. By not adhering to the AML regulations, the exchange ended up violating the Bank Secrecy Act.
The other three executives from BitMEX that were also accused by the US authorities include Samuel Reed (CTO), Greg Dwyer & Ben Delo (co-owners).