U.S. Authorities Accused of Stunning Hypocrisy Over BitMEX Charges
The U.S. Commodities and Futures Commission (CFTC), in conjunction with the Federal Bureau of Investigation (FBI), has charged BitMEX with failure to prevent money laundering, as well as running an illicit derivatives trading platform. Each of the two charges carries a maximum penalty of five years in prison for the accused. In connection with the […]
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BitMEX's co-owner, Ben Delo, has pleaded not guilty after surrendering to U.S. authorities in New York. Ben Delo, one of the founders and co-owners of embattled crypto derivatives exchange, BitMEX, has surrendered to U.S authorities in New York. According to Bloomberg, Delo was arraigned remotely before U.S Magistrate Judge Sarah L. Cave during a proceeding on March 15. He pleaded not guilty to all charges and was released on a bail bond of $20 million. The bail terms stipulate that he is permitted to return home to the UK and await trial. Delo’s surrender was part of an agreement....
18 months after charges were filed, BitMEX executives will head to trial. The money laundering trial for the former executives of U.S. cryptocurrency exchange BitMEX has been scheduled for March 28, 2022.On May 11, New York District Judge John Koeltl set the trial date for former BitMEX executives CEO Arthur Hayes, co-founder Benjamin Delo, and chief technology officer Samuel Reed.The trio are accused of violating the Bank Secrecy Act and anti-money laundering laws. Additionally, BitMEX's head of business development, Gregory Dwyer, is also facing charges but has yet to appear in the....
BitMEX cofounder Benjamin Delo has turned himself in following charges that the exchange skirted AML laws.
The parent group of BitMEX has announced an executive shakeup after U.S. authorities charged the firm over allegedly illegal conduct.
October has been a dramatic month for the top brass of BitMEX crypto derivatives exchange, whose founders face multiple charges from U.S. authorities. BitMEX's co-founder and former chief technical officer, Samuel Reed, has signed a $5 million unsecured appearance bond for his release from custody pending court proceedings. Reed had been arrested by the United States Department of Justice in Massachusetts on Oct. 1 for flouting money laundering rules in violation of the Bank Secrecy Act, as well as illegally offering derivatives trading to U.S. retail customers. Reed's fellow co-founders....