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Bitmex Cofounder Ben Delo Surrenders to US Authoritiesâ Arthur Hayes to Follow in April
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 status conference scheduled for May.
NEW YORK (BLOOMBERG) - One of the founders of pioneering crypto-derivatives exchange BitMEX surrendered to authorities to face charges that he schemed to avoid US anti-money laundering laws.. Read more at straitstimes.com.
3/16/2021 9:44:37 AM GMT
Former BitMEX executive Ben Delo surrenders in New York and pleads not guilty to all charges against him.
Delo has been released on a $20 million bail bond and is allowed to return to the U.K. to await trial.
Two out of the four defendants who were accused of violating the Bank Secrecy Act by the Department of Justice and the CFTC are still at large.
Ben Delo, one of the founders and former executives of BitMEX once the largest crypto derivatives exchange has pleaded not guilty after surrendering to U.S. authorities in New York. Delo was arraigned remotely on Monday before Magistrate Judge Sarah L. Cave. After having pled not guilty to all charges, his bail terms would allow him to return to the U.K. to await trial after being released on a $20 million bail bond.
One of the founders of pioneering crypto-derivatives exchange BitMEX surrendered to authorities to face charges that he schemed to avoid U.S. anti-money laundering laws. Benjamin Delo, who traveled to New York from the U.K., was arraigned before U.S. Magistrate Judge Sarah L. Cave during a remote proceeding on Monday. He pleaded not guilty and was released on a US$20 million bail bond. The terms of his bail allow him to return to the U.K.