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Former BitMEX CEO Arthur Hayes has reportedly surrendered to U.S. authorities in Hawaii.

Per a Bloomberg report from April 6, Hayes appeared before a federal judge in Hawaii. Hayes was later released on a $10 million bond, with future court proceedings set to take place in New York.

Hayes’ surrender on April 6 was expected, as previously reported, based on past negotiations between Hayes and the U.S. government. Hayes’ representatives had previously proposed a $10 million bond, and he was previously residing in Singapore amid the negotiations.

Hayes was named as a defendant in twin lawsuits filed by the U.S. Department of Justice and the Commodity Futures Trading Commission last year. Authorities alleged in court documents that BitMEX knowingly provided retail investors in the US with access to illegal options and leveraged trading, and deliberately failed to put proper know-your-customer checks into the platform — a felony violation of the Bank Secrecy Act.

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