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Former BitMEX CEO Hayes Surrenders to Face US Charges: Report

Kevin Reynolds
Updated ·1-min read

Former BitMEX CEO Arthur Hayes surrendered to U.S. authorities in Hawaii to face charges he failed to take proper steps to safeguard the cryptocurrency exchange he co-founded from being used for money laundering, according to a published report.

  • Hayes surrendered six months after prosecutors in New York accused him and his BitMEX co-founders of conspiring to get past U.S. laws requiring the implementation of money-laundering controls, Bloomberg said in its report.

  • Hayes was released on $10 million bond pending court proceedings in New York, the report said.

  • According to court documents released last month, the surrender was planned for April 6.

  • Last October, BitMEX and co-founders Hayes, Samuel Reed and Ben Delo were charged by the U.S. Department of Justice with violating the Bank Secrecy Act and conspiracy to violate the act.

  • Each charge faces a maximum sentence of five years in prison.

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