Cryptocurrencies
Former BitMEX CEO Arthur Hayes Surrenders to Face Charges
- Hayes and his co-founders are accused of flouting banking laws
- BitMEX was a pioneer in opening crypto to smaller investors
Arthur Hayes
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Former BitMEX Chief Executive Officer Arthur Hayes turned himself in to face U.S. charges that he failed to take steps to prevent the pioneering cryptocurrency exchange he co-founded from being used for money laundering.
A Singapore resident, Hayes on Tuesday surrendered to U.S. authorities in Hawaii, six months after federal prosecutors in New York accused him and his BitMEX co-founders of conspiring to skirt U.S. laws requiring the implementation of money-laundering controls. He appeared before a federal judge in Honolulu and, pursuant to an earlier agreement, was released on $10 million bond pending future court proceedings in New York.