Ben Delo, 1 of the founders and co-owners of embattled crypto derivatives substitution BitMEX, has surrendered to United States authorities in New York.

Co-ordinate to Bloomberg, Delo was arraigned remotely before U.S Magistrate Judge Sarah Cave during a proceeding on Mon. He pleaded not guilty to all charges and was released on a bail bond of $20 1000000.

The bail terms stipulate that he is permitted to return abode to the United Kingdom and await trial.

Delo's surrender was role of an agreement negotiated with U.S authorities in Feb. The terms were coordinated with the Federal Bureau of Investigation and the Border Patrol to allow Delo entry into the United states of america despite being subject to a travel ban from U.K. authorities. Rachel Miller, a spokesperson for Delo, stated:

"The charges confronting Ben are unfounded and stand for unwarranted overreach by the U.South. government. Ben intends to defend himself against the charges and clear his name in court."

Delo and fellow BitMEX executives Arthur Hayes, Samuel Reed and Greg Dwyer are accused of operating an unregistered trading platform and violating U.S. Anti-Money Laundering laws past providing unlicensed services to U.Due south. citizens.

Delo is the second BitMEX executive to confront authorities following the abort of former principal technology officeholder Reed in October 2020. Reed was released from custody the same calendar month later posting a $5 million bond and agreeing to comply with courtroom proceedings.

The commutation's one-time CEO, Hayes, is currently located in Singapore only is cooperating with regime to surrender in Hawaii on April six.

According to transcripts from a court teleconference dated Feb. 16, U.Southward. Attorney Jessica Greenwood noted that Bermuda-based fellow co-owner Dwyer has declined to surrender. However, extradition proceedings have been initiated to return Dwyer to face the charges in the Us.