One of the founders of the BitMEX exchange Ben Delo surrendered to the US authorities. He was charged with violating the Bank Secrecy Act, but the Case pleaded not guilty.
Earlier this week, BitMEX co-founder Ben Delo appeared before US Justice of the Peace Sarah L. Cave in a remote trial. The case was charged with violating the Bank Secrecy Act, for which he pleaded not guilty.
The co-founder of BitMEX voluntarily flew to the US from the UK to face trial. According to court records, he was released on $ 20 million bail on Monday, and a status meeting is scheduled for May. The case will be allowed to return to the UK under the terms of his bail.
The case, along with BitMEX co-founders Arthur Hayes and Samuel Reed, are accused of illegally doing business in the United States and violating KYC and AML rules. BitMEX first employee Gregory Dwyer was also facing charges.
Under the Bank Secrecy Act, financial institutions are required to provide regulatory authorities with documentation of transactions in excess of $ 10,000. Its purpose is to prevent criminals from laundering large amounts of cash through banks and other financial institutions.
“The accusations against Ben are unfounded and beyond what is acceptable by the US authorities,” said case spokeswoman Rachel Miller. “Ben intends to defend himself from the charges and clear his name in court.”
Earlier this month, Assistant U.S. Attorney for the Southern District of New York, Jessica Greenwood, said she was in talks with Hayes’s lawyers. They discussed how to arrange a confession for Hayes. Reed was arrested last year and subsequently released on bail. Dwyer remains at large.
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