Former BitMEX chief surrenders to U.S. authorities; released on $10 million bond

Former BitMEX chief executive Arthur Hayes surrendered to U.S. authorities. Bloomberg reports.

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According to terms of the agreement, he arrived in Hawaii from Singapore and appeared before a federal judge in Honolulu. Hayes was released on a $10 million bond, secured by $1 million in cash and his mother’s obligations.

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The former BitMEX chief will retain his passport for travel to the New York court where the case is being heard.

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Under standard terms of release on bond, he must not possess firearms and must inform U.S. authorities of any contact with law enforcement within 24 hours.

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

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Ridu was arrested in the United States and released on a $5 million bond.

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In early March, it became known that Hayes is negotiating with U.S. authorities for voluntary surrender.

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In mid-March, Bloomberg reported that the court released BitMEX co-founder Ben Delo on a $20 million bond. He surrendered to authorities voluntarily.

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In December, the BitMEX CEO position was taken by the former head of the Stuttgart Stock Exchange Alexander Heptner.

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