Former CEO that is bitMEX Arthur surrendered to U.S. authorities in Hawaii to manage fees he failed to simply take proper actions to safeguard the cryptocurrency change he co-founded from used for the money laundering, based on a published report.

Hayes surrendered six months after prosecutors in New York accused him and his BitMEX co-founders of conspiring to get past U.S. regulations needing the implementation of money-laundering settings, Bloomberg said in its report.

Hayes was launched on ten dollars million bond court that is pending in New York, the report said.
In accordance with documents released month that is final the surrender was prepared for April 6.

Last October, BitMEX and co-founders Hayes, Samuel Reed and Ben Delo had been charged by the U.S. Department of Justice with violating the Bank Secrecy Act and conspiracy to violate the act.
Each cost faces a phrase that is maximum of years in prison.