BitMEX executives negotiating surrender to US authorities! BitMEX executives Arthur Hayes and Ben Delo are negotiating a surrender to US authorities.
Arthur Hayes is the former CEO of the crypto derivatives platform, and is currently in negotiations to surrender next month.
Transcripts of a court teleconference dated Feb. 16 indicate Hayes will surrender to the U.S. in Hawaii on April 6. Hayes and other executives are accused of violating the Bank secrecy act and are wanted by the Department of Justice as well as the Commodity Futures Trading Commission.
The transcript details Jessica Greenwood’s, the Assistant US Attorney, comments to the judge presiding over the case. She indicated that she’s been in talks with Hayes regarding the voluntary surrender. Hayes is currently in Singapore, with the attorney noting that Hayes hopes to continue residing overseas, showing up in the US only to appear before the court.
“We have discussed with counsel how to arrange for a voluntary surrender, and he has proposed appearing within the United States in Hawaii and having his initial appearance there and then,” she said, adding:
“The idea would be that he would appear initially in Hawaii, then appear before your Honor remotely, and then he would continue to reside abroad with travel to the United States for appearances as needed and, of course, if there is a trial, that he would appear within the United States for that trial in New York.”
Greenwood also revealed that Ben Delo, the co-founder of BitMEX, intends to surrender in New York by months end. However, she did note that logistics are being worked out by the FBI and Border Patrol, as he’s currently subject to a UK travel ban.
Greg Dwyer, the other co-owner, has declined to surrender, and extradition proceedings have been started to bring him back from Bermuda.
“With respect to the remaining three defendants, […] we’ve been in contact with counsel discussing the possibility of appearing. They’ve all made representations about for when and how they’ll appear,” Greenwood said. However, she added:
“We have no guarantees at this point that any of those things will happen.”
Samuel Reed, the CTO of BitMEX, was arrested in Massachusetts – he was released from custody after a $5 million bond was paid, with Reed agreeing to comply with sentencing proceedings.
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