Share this article
Former BitMEX CEO Hayes Surrenders to Face US Charges: Report
After appearing before a judge, Arthur Hayes was released on $10 million bond pending court proceedings in New York, Bloomberg reported.
Updated Sep 14, 2021, 12:37 p.m. Published Apr 6, 2021, 9:08 p.m.
Former BitMEX CEO Arthur Hayes surrendered to U.S. authorities in Hawaii to face charges he failed to take proper steps to safeguard the cryptocurrency exchange he co-founded from being used for money laundering, according to a published report.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Hayes surrendered six months after prosecutors in New York accused him and his BitMEX co-founders of conspiring to get past U.S. laws requiring the implementation of money-laundering controls, Bloomberg said in its report.
- Hayes was released on $10 million bond pending court proceedings in New York, the report said.
- According to court documents released last month, the surrender was planned for April 6.
- Last October, BitMEX and co-founders Hayes, Samuel Reed and Ben Delo were charged by the U.S. Department of Justice with violating the Bank Secrecy Act and conspiracy to violate the act.
- Each charge faces a maximum sentence of five years in prison.
Read more: Crypto Trading Platform BitMEX ‘Attempted to Evade’ US Regulations, CFTC, DOJ Charge
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Aave falls 18% over week as dispute pulls down token deeper than major crypto tokens
The move added to selling pressure that had already been building since the governance proposal moved to a Snapshot vote.
What to know:
- AAVE token has dropped 18% in the past week, making it the worst performer among the top 100 cryptocurrencies.
- The decline is likely linked to a governance dispute over control of Aave's brand and public channels.
- Despite founder Stani Kulechov purchasing $12.6 million worth of AAVE, the broader selling pressure continues.
Top Stories
