The former CEO of the BitMEX cryptocurrency derivatives exchange Arthur Hayes surrendered to the American authorities, writes Bloomberg. As expected, Hayes arrived in Hawaii from Singapore and was brought before a federal judge in Honolulu. Under the terms of an earlier agreement, he was released on $ 10 million bail until the next meeting in New York.
The Commodity Futures Trading Commission (CFTC) opened an investigation into BitMEX in 2019 to determine if the exchange was serving American traders in violation of current regulations. The US authorities filed charges against Hayes and two other BitMEX co-founders six months ago. Among other things, they are charged with evading requirements that oblige service providers in the financial industry to use anti-money laundering mechanisms.
A lawyer for the ex-CEO of BitMEX said:
“Arthur Hayes is a self-made entrepreneur who is wrongly accused of crimes he did not commit. He voluntarily appeared in court and is waiting for the opportunity to challenge these unfounded charges. ”
Also accused in the case is the first BitMEX employee Gregory Dwyer. He remains free.
“We are in contact with the authorities on behalf of Dwyer and have informed them of his whereabouts,” a spokesman for the defendant said. “They also know that he intends to defend himself in court against these unfounded charges in every possible way.”