Former BitMEX CEO Arthur Hayes surrendered to U.S. authorities in Hawaii on Tuesday, six months after federal prosecutors first filed a complaint against him and three fellow BitMEX executives.
In a statement, Hayes’ attorneys described the Singapore resident as “a self-made entrepreneur who has been falsely accused of crimes he did not commit”, adding:
“Mr. Hayes has voluntarily appeared in court and is eager to fight these unwarranted charges.
Hayes was released after posting $ 10 million bail pending future proceedings in New York.
Hayes’ lawyers proposed his surrender in Hawaii last month. Discussions focused on Hayes’ potential release subject to the $ 10 million bond, his retention of a passport for travel between Singapore and the United States, and a mutually agreed extradition waiver by the two parts.
Hayes’ representation began talks with the U.S. government after her indictment was released in October 2020.
The government accuses Hayes, BitMEX co-owners Ben Delo and Greg Dwyer and former BitMEX CTO Samuel Reed of violating bank secrecy law by failing to adhere to adequate safeguards against money laundering and by not preventing U.S. residents from accessing the exchange despite the company. not be registered with the Commodity Futures Trading Commission.
Reed was arrested in October, while Delo voluntarily surrendered to New York authorities last month, with the two pleading not guilty and having been released on bail. Dwyer is still at large, but his lawyers say they have informed the US government of his whereabouts and his intention to fight the charges against him.