{"id":29860,"date":"2020-10-09T13:10:59","date_gmt":"2020-10-09T10:10:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29860"},"modified":"2025-08-27T19:18:35","modified_gmt":"2025-08-27T16:18:35","slug":"bitmex-cto-samuel-reed-released-on-5-million-bond","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitmex-cto-samuel-reed-released-on-5-million-bond\/","title":{"rendered":"BitMEX CTO Samuel Reed released on $5 million bond"},"content":{"rendered":"<p>Technical director of the BitMEX crypto-derivatives exchange Samuel Reed was released on bail of $5 million.<!--more--><\/p>\n<p>On October 1 Reed <a href=\"https:\/\/forklog.com\/en\/news\/cftc-sues-bitmex-and-its-founders\">was arrested<\/a> on charges by the U.S. Department of Justice of violating the Bank Secrecy Act and &#8220;willful evasion of implementing robust anti-money-laundering measures at BitMEX&#8221;.<\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View Samuel Reed on Scribd\" href=\"https:\/\/www.scribd.com\/document\/479336571\/Samuel-Reed#from_embed\">Samuel Reed<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" id=\"doc_36226\" class=\"scribd_iframe_embed\" title=\"Samuel Reed\" src=\"https:\/\/www.scribd.com\/embeds\/479336571\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-zsRycdDdmSeI6EllZ1Qy\" width=\"100%\" height=\"600\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"false\" data-aspect-ratio=\"0.7727272727272727\"><\/iframe><\/p>\n<p>On October 3, Reed agreed to appear at proceedings connected to him and, if convicted, to serve a sentence. According to <a href=\"https:\/\/www.theblockcrypto.com\/amp\/post\/80296\/bitmex-cto-samuel-reed-released-on-bond\" target=\"_blank\" rel=\"noopener noreferrer\">The Block<\/a>, the hearing took place on October 1 in an online format.<\/p>\n<p>The $5 million bond is unsecured. Only $500,000 was paid in cash. It is believed that Reed and his wife also had their passports seized.<\/p>\n<p>In addition to the 31-year-old Reed, similar charges were brought against his colleagues \u2014 Arthur Hayes, Benjamin Delo and Gregory Dwyer.<\/p>\n<p>On October 8 BitMEX <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-steps-down-as-bitmex-ceo-after-u-s-regulators-lawsuit\">announced<\/a> a leadership change. Arthur Hayes and Samuel Reed stepped down from the posts of CEO and CTO of the exchange operator 100x Group, respectively. Greg Dwyer, head of business development, took leave.<\/p>\n<p>Following BitMEX\u2019s regulatory troubles, the analytics firm Chainalysis <a href=\"https:\/\/forklog.com\/en\/news\/chainalysis-classifies-bitmex-as-a-high-risk-exchange\">classified<\/a> the exchange as a high-risk platform.<\/p>\n<p>Earlier ForkLog <a href=\"https:\/\/forklog.com\/en\/news\/opinion-bitmex-case-signals-us-intent-to-bring-the-entire-crypto-market-under-its-oversight\">reported<\/a> that the BitMEX case could signal the United States\u2019 intent to take control of the entire crypto market.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMEX&#8217;s chief technical officer Samuel Reed was released on bail of $5 million.<\/p>\n","protected":false},"author":1,"featured_media":29861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[788,1162],"class_list":["post-29860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmex","tag-court-cases"],"aioseo_notices":[],"amp_enabled":true,"views":"67","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=29860"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29860\/revisions"}],"predecessor-version":[{"id":29862,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29860\/revisions\/29862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/29861"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=29860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=29860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=29860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}