News Snapshot:
(Bloomberg) -- Former BitMEX Chief Executive Officer Arthur Hayes turned himself in to face U.S. charges that he failed to take steps to prevent the pioneering cryptocurrency exchange he co-founded from being used for money laundering. A Singapore resident, Hayes on Tuesday surrendered to U.S. authorities in Hawaii, six months after federal prosecutors in New York accused him and his BitMEX co-founders of conspiring to skirt U.S. laws requiring the implementation of money-laundering controls. He appeared before a federal judge in Honolulu and, pursuant to an earlier agreement, was released on $10 million bond pending future court proceedings in New...
