Trial of former BitMEX executives set for next March
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....
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The former executives of bitcoin derivatives platform BitMEX face trial over money laundering charges next year.
Court transcripts have revealed that BitMEX’s fugitive executives Arthur Hayes and Ben Delo are negotiating a surrender with U.S. authorities. The former CEO of crypto derivatives exchange BitMEX, Arthur Hayes, is in negotiations to surrender to U.S. authorities next month concerning charges that authorities levied against four of the exchange’s executives and co-owners in October.Transcripts of a court teleconference dated Feb. 16 indicate Hayes will surrender to the U.S. in Hawaii on April 6. Hayes and his fellow executives are accused of violating the Bank Secrecy Act by the U.S.....
The CFTC and DOJ actions against BitMEX suggest that the crypto industry still has a lot of work ahead to meet KYC/AML standards. Recent years have seen the crypto industry mature across the global economic landscape, but it still runs into high-profile snags. On Oct. 1, the United States Department of Justice filed criminal charges against four executives of the BitMEX trading platform — including its founder, Arthur Hayes — for violating the Bank Secrecy Act. One of the executives in question has been arrested, according to a DOJ statement.Furthermore, the Commodity Futures Trading....
Cryptocurrency derivatives trading platform Bitmex has been charged with illegally operating in the U.S. Concurrently, its executives, including CEO Arthur Hayes, have been charged with violations of the Bank Secrecy Act and are facing prison sentences. One of the Bitmex founders has already been arrested. Bitmex and Owners Charged in US Federal prosecutors and the Commodity Futures Trading Commission (CFTC) independently announced parallel actions against the cryptocurrency derivatives trading platform Bitmex and its owners on Thursday. The CFTC has charged five entities and three....
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....