BitMEX’S Arthur Hayes Appears In Court

BitMEX’S Arthur Hayes Appears In Court

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 executives responsible for the exchange were indicted on charges of violating the U.S. Bank Secrecy Act.

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