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.