Bitmex Cofounder Ben Delo Surrenders to US Authorities— Arthur Hayes to Follo...
Legal issues with crypto exchange Bitmex’s cofounders still make the headlines. Benjamin Delo surrendered to the U.S. authorities, and Arthur Hayes agreed to make the same maneuver in April. Delo Released on a $20M Bail Bond According to Bloomberg, Bitmex’s cofounder Benjamin Delo traveled from the U.K. to the United States and pleaded not guilty before U.S. Magistrate Judge Sarah L. Cave. However, he was later released after posting a $20 million bail bond. Per the release terms, Delo was allowed by the judge to return to the United Kingdom. Still, he is set to face a court....
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To some who have just skimmed the headlines around the BitMEX exchange, the legal activity and allegations around the firm seem a bit overblown. It seems like just yesterday, people were happily trading on the platform. Then all of a sudden, some of the top players, Arthur Hayes and Benjamin Delo et. al., are in handcuffs. What happened? An indictment filed by prosecutors in the Southern District of New York against BitMEX CEO Arthur Hayes […]
BitMEX cofounder Benjamin Delo has turned himself in following charges that the exchange skirted AML laws.
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....
Two energetic entrepreneurs sit at the crossroads of finance, cryptocurrency, banking, securities, and technology. I had the good fortune to meet Messrs Hayes and Delo at the Bitcoin Mercantile Exchange (BitMEX.com)’s Hong Kong office on February 21, 2017. We spoke for about three hours and then I joined Ben Delo for dinner at the Bitcoin HK meetup group. Over the next couple of days, I executed a trade with a lot of help from Delo. My two-day experiment with cryptocurrency derivative trading exposed some of the opportunity and peril of a new financial age. BitMEX’ progress is nothing....
A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and Reed looted about $440,308,400 of proceeds of various nefarious activities.” The cryptocurrency derivatives platform Bitmex is facing a lawsuit that claims the exchanges three cofounders “looted” $440 million from the platform. BMA LLC, Vitaly Dubinin, and Yaroslav Kolchin have filed the lawsuit against the popular crypto....