By Ann Brown
Crypto pioneer Arthur Hayes has been under investigation by the feds and the Commodity Futures Trading Commission since 2019 and his Black-owned fintech company BitMEX could turn himself in on April 6.
The feds filed criminal charges against BitMEX CEO Hayes in October, accusing him of providing a haven for hackers and illegal transactions that helped clients to launder money.
Federal prosecutors in Manhattan indicted Hayes and three BitMEX co-owners, Benjamin Delo, Samuel Reed, and Gregory Dwyer. Hayes remains at large.
The Hong Kong-based BitMEX is one of the world’s biggest cryptocurrency trading exchanges and claims to have processed more than $1.7 billion in daily derivatives transactions, Inside Cryptocurrency reported.
Hayes, who is living in Singapore, will be able to remain there under the agreement his attorneys are negotiating with federal prosecutors, Coindesk reported.
Jessica Greenwood, an assistant U.S. attorney for the Southern District of New York, said in a Feb. 16 court transcript that her office had been in talks with Hayes’ lawyers about surrendering to U.S. Click here to read entire article