BitMEX Founder Delo Surrenders to Face U.S. Laundering Charges


Source: bnnbloomberg.ca bnnbloomberg.ca

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(Bloomberg) -- One of the founders of pioneering crypto-derivatives exchange BitMEX surrendered to authorities to face charges that he schemed to avoid U.S. anti-money laundering laws. Benjamin Delo was arraigned before U.S. Magistrate Judge Sarah L. Cave in New York during a remote proceeding on Monday. He pleaded not guilty and was released on a $20 million bail bond. An Oxford-educated computer scientist who previously created high-frequency trading systems for JPMorgan Chase & Co, Delo founded BitMEX with Arthur Hayes and Samuel Reed in 2014. Once the world’s largest crypto-derivatives exchange, Bitmex invented perpetual Bitcoin futures that were easy for...