Ex-BitMEX CEO Hayes agrees to voluntary surrender to U.S. authorities

Lawyers for Arthur Hayes, the former BitMEX chief executive of the cryptocurrency derivatives exchange, have agreed with U.S. authorities on his voluntary surrender and bail.

Under the agreement, Hayes will appear in a Hawaii court on 6 April, which will release him on $10 million bail, secured by $1 million in cash and his mother’s guarantees.

Hayes will reside in Singapore and keep his passport for travel to the New York court handling the case. He will refuse extradition.

Under standard bail conditions, he must not own firearms and must notify U.S. authorities of any contact with law enforcement within 24 hours.

The U.S. Commodity Futures Trading Commission filed suit against BitMEX and its owners in October 2020. In addition, the Department of Justice charged Hayes, Ben Delo, the company’s head of business development Greg Dwyer, and CTO Samuel Reed with violations of the Bank Secrecy Act.

Reed was arrested in the United States and was released on $5 million bail.

In early March it emerged that Hayes was in talks with U.S. authorities about a voluntary surrender.

Back in December, the BitMEX CEO post was taken by the former head of the Stuttgart Stock Exchange, Alexander Heptner.

Hayes BitMEX by ForkLog on Scribd

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