BitMEX Founder Delo Surrenders to Face Bank Secrecy Charges (3)

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, who traveled to New York from the U.K., was arraigned before U.S. Magistrate Judge Sarah L. Cave during a remote proceeding on Monday. He pleaded not guilty and was released on a $20 million bail bond. The terms of his bail allow him to return to the U.K.

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 ...