BitMEX Co-Founder Surrenders in New York
Ben Delo, wanted for conspiring to violate the Bank Secrecy Act, flew from the UK to the US to be arraigned. In brief Two of four indicted BitMEX executives have now been arraigned in the US. Arthur Hayes and Greg Dwyer remain abroad. A co-founder of cryptocurrency derivatives exchange BitMEX has surrendered to US authorities. Ben Delo, a British citizen, was wanted on charges of flouting US anti-money laundering laws. As part of a surrender agreement reportedly negotiated with federal prosecutors in coordination with the Federal Bureau of Investigation and US Customs and Border Patrol, Delo flew from the UK to New York City, where he was arraigned remotely today. At the arraignment hearing, Delo pled not guilty to failing to implement an anti-money laundering (AML) program at BitMEX as well as conspiracy to violate the Bank Secrecy Act. He posted $20 million in bond and is allowed to return to the UK to await trial, according to Bloomberg. Delo is the second BitMEX executive to b...