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BitMEX founder Arthur Hayes intends to surrender next month on a proposed $10 million bail

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BitMEX founder and former CEO Arthur Hayes intends to voluntarily surrender to U.S. authorities next month on a proposed $10 million bail.

Hayes plans to travel to Hawaii on April 6 from Singapore, where he is currently residing with his wife, according to court documents seen by The Block.

Hayes' proposed bail worth $10 million, secured by $1 million in cash and co-signed by his mother, is subject to the court's approval.

Hayes first discussed a surrender agreement with U.S. authorities earlier this month. Now as part of his bail conditions, Hayes has also proposed to reside in Singapore with pre-approved travel to New York and retain his passport for travel between Singapore and the U.S.

Hayes — along with his fellow co-founders Ben Delo and Samuel Reed — was charged in October by the U.S. Commodity Futures Trading Commission (CFTC) for allegedly operating BitMEX without registering and violating CFTC rules.

The U.S. Department of Justice also charged all three executives at the time, along with BitMEX's first employee and head of business development Greg Dwyer, for allegedly violating the Bank Secrecy Act.

Delo surrendered to U.S. authorities earlier this week and was subsequently released on a $20 million bail. Reed was arrested last October and later released on a $5 million appearance bond. Dwyer remains at large, but U.S. authorities have begun extradition proceedings against him.

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