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Former BitMEX CEO Arthur Hayes Surrenders To US Authorities In Hawaii; Released On A $10M Bond

Arthur Hayes, founder and former CEO of BitMEX, finally surrendered to U.S. authorities in Hawaii to face charges that the crypto derivatives exchange and its executives violated the Bank Secrecy Act, according to a Bloomberg report. Hayes has been living in Singapore since January 2020 and was flown to Hawaii to appear before a Honolulu judge. He attended an arraignment hearing before the federal judge and was subsequently released on a $10 million bond as part of prior negotiations with the U.S. government made by Hayes’ lawyers. The ex-CEO will stand trial in New York alongside co-owner Benjamin Delo and…

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BitMEX Co-Founder Arthur Hayes Surrenders, Will Face Trial In US

BitMEX Co-founder Arthur Hayes surrenders to US authorities and will face trial in the US according to reports that we have in our latest cryptocurrency news today. Hayes was charged with violating the Bank Secrecy Act with conspiracy to evade money laundering regulations. The BitMEX Co-founder Arthur Hayes surrendered to the US authorities and now he is awaiting trial. Hayes was living in Singapore and flew to Hawaii to turn himself in before being released on a $10 million bail due to his deal with the US prosecutors. The former CEO will face trial in New York along with Benjamin…

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BitMEX’s Arthur Hayes surrenders in Hawaii, free on $10M bond

The former chief executive officer of BitMEX was given in Hawaii and was later free once posting a $10 million bond. Former BitMEX chief executive officer Arthur Hayes gave to U.S. authorities in Hawaii on Tues, six months once federal prosecutors 1st levied charges against him and 3 fellow BitMEX executives. In a statement, Hayes’ lawyers delineated the Singapore resident as “a successful enterpriser UN agency has been incorrectly defendant of crimes that he failed to commit,” adding: “Mr. Hayes voluntarily appeared in court and appears forward to fighting these unwarranted charges.” Hayes was free once posting a $10 million…

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BitMEX’s Arthur Hayes surrenders in Hawaii, released on $10M bond

The former CEO of BitMEX surrendered in Hawaii and was later released after posting a $10 million bond. Former BitMEX CEO Arthur Hayes surrendered to U.S. authorities in Hawaii on Tuesday, six months after federal prosecutors first levied charges against him and three fellow BitMEX executives. In a statement, Hayes’ lawyers described the Singapore resident as “a self-made entrepreneur who has been wrongly accused of crimes that he did not commit,” adding: “Mr. Hayes voluntarily appeared in court and looks forward to fighting these unwarranted charges.” Hayes was released after posting a $10 million bail bond pending future proceedings in…

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BitMEX’s Arthur Hayes Surrenders To Authorities

The former CEO of BitMEX has appeared in court in Honolulu and is out on $10 million bond, according to reports. The former chief executive officer of BitMEX cryptocurrency exchange, Arthur Hayes, has turned himself in. According to a Bloomberg report, although Hayes currently resides in Singapore, he appeared in a Honolulu courtroom on charges related to alleged violations of know-your-customer laws in the United States. He was released on a $10 million bond pending forthcoming court proceedings in New York. After failing to implement anti-money laundering procedures that are required by businesses operating within the North American jurisdiction, the…

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Egy bitcoin milliomos tündöklése és bukása: a BitMex story

A Vanity Fair magazin hosszú cikket szentelt Arthur Hayes, a BitMex volt vezérigazgatójának történetének bemutatásának, aki bár korábban olyan szintű gazdagságot ért el, amiről sokan csak álmodnak, mára ebből kevés maradt, mi több, jelenleg a szabadságáért küzd. A történet Arthur Hayes gyermekkorával és iskolaéveivel indul az Egyesült Államokban, majd folytatódik Hong-Kongban, ahol Arthur először a Deutsche Banknál, majd a Citibanknál is dolgozott ETF (Exchange Traded Funds) befektetések területen, mielőtt megtalálta volna az igazi szenvedélyét: a bitcoint. Az elsők között fedezte fel, hogy bármi is legyen a hivatalos álláspont, Kínában hatalmas a mindennapi emberek érdeklődése a bitcoin iránt. Társaival, Ben Delo…

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Crypto Exchange BitMEX Is Accused of Money Laundering

Criminal charges have been filed against the owners of BitMEX, arguably one of the largest and most popular cryptocurrency exchanges in the world. The company has been accused of engaging in illegal transaction activity and of money laundering. BitMEX Owners Experience Indictments BitMEX chief executive Arthur Hayes was formally charged on Thursday by prosecutors in the greater metropolitan area of New York City. In addition, three of the platform’s other owners – including Benjamin Delo, Samuel Reed and Gregory Dwyer – have also been charged with fraud and other miscellaneous crimes. At the time of writing, only Reed has been…

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BitMex has bled 45k Bitcoin since US gov charges, allowing other exchanges to benefit

Gemini, Binance, OKEx and Huobi appear to be the biggest gainers of the BitMex fallout. Over 45,000 Bitcoin has been withdrawn from BitMex since the U.S. government levied charges against the exchange and its leadership. October 1 brought two devastating blows to BitMex. First, the CFTC and DOJ brought charges against the exchange. Shortly thereafter, its founders (including CEO Arthur Hayes), were indicted by the U.S. government. The market reacted to the news with a sharp decline across many of Blockchain's biggest assets. BitMex Bitcoin reserves. Source: Glassnode.This isn't the first time in recent months that BitMex has contributed to a downward turn. The…

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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 charges, the United States Office of the Southern District of New York has indicted four individuals. Those being Arthur Hayes, Ben Delo, Samuel Reed, and Gregory Dwyer. Yesterday morning saw the arrest of BitMEX CTO, Samuel Reed in Massachusetts. The others “remain at large”. However,…

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Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours

Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against Bitmex and its executives for allegedly operating an unregistered trading platform. According to Arcane Research’s post on Twitter, “the former yearly low was painted on the 30th of April when the open interest bottomed at 61,975 BTC.” The post adds that in the wake of the act CFTC, traders are “definitely closing their positions on Bitmex.” Open interest (OI) is the total number of outstanding…

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Bitmex Charged With US Rules Violations — Owners Face Criminal Charges, Prison

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 individuals that own and operate Bitmex with “operating an unregistered trading platform and violating multiple CFTC…

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BitMEX CEO Still Has a “Massive Upside” Target for the Bitcoin Price

Bitcoin bulls have been under pressure over recent days after a strong rejection at $12,000. BTC bears are seemingly in control of the short-term price action, having dropped the asset as low as $11,150. BitMEX’s Arthur Hayes remains optimistic about Bitcoin, explaining his thought process in a recent blog post. He previously claimed that the asset will likely revisit $20,000, BTC’s all-time high, in 2020. It is unclear if he is sticking to this prediction, but noted he will discuss a Bitcoin price target in the near future. BitMEX CEO Remains Bullish on Bitcoin In a blog post published August…

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BitMEX Will Verify All Users With ID Checks In The Next 6 Months

The major cryptocurrency exchanges BitMEX will verify the identity of all its users, as the CEO Arthur Hayes recently confirmed. The derivatives exchange CEO said that they need to ask for ID checks by all customers within the next six months, if they want to continue trading on the platform. “The game has changed, and so have we; keep a stiff upper lip,” tweeted Arthur Hayes, Co-founder and CEO of the company. The game has changed, and so have we; keep a stiff upper lip. https://t.co/dCZEjXB3NO — Arthur Hayes (@CryptoHayes) August 14, 2020 Right now, the User Verification Programme is a new…

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Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug

A new yield farming project is all the rage this week, as the Yam Finance project saw over $460 million dollars locked into the platform in 17 hours on Tuesday. On social media and crypto-focused forums, people have been very skeptical of the Yam Finance project as the code has not been audited. On Wednesday afternoon Yam Finance developers revealed a bug in the smart contract and after the announcement, the project’s token tumbled in value. At the time of publication, many digital currency advocates are talking about a new decentralized finance (defi) project called Yam Finance. The protocol combines…

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Arthur Hayes is Bullish on Ethereum, Calls Next Target

Ethereum’s next target is $500, according to BitMEX co-founder and CEO Arthur Hayes. He expressed his amazement about ETH’s surge to $400, calling for the continuation of the rally. Ethereum Breaks Above $400 For First Time Since August 2018 On Sunday, Ether hit the highest level in two years, breaking above $400 for the first time since August 2018. Ethereum has benefited from the general bullishness of the cryptocurrency market, but it’s not only that. The second-largest cryptocurrency is at the forefront of the DeFi (decentralized finance) frenzy, as most DeFi tokens that have experienced astronomical gains are ERC-20 tokens.…

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BitMEX Arthur Hayes Confirms: It’s A Bull Market

Bitcoin’s price took a turn for the best over the past couple of days as it breached the coveted $10,000 mark in today’s early hours.  Naturally, this brought a lot of excitement in the cryptocurrency community, and a definitive testament of this is the reaction of Arthur Hayes – the CEO of one of the leading Bitcoin margin trading exchanges, BitMEX.  “It’s A F***** Bull Market” Arthur Hayes, the CEO at BitMEX, is known for his eccentric behavior and witty comments. More than once has he expressed his opinion in a way that’s characteristic only of himself.  Just at the…

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