Ben Delo, a co-owner and founders of one of the crypto derivatives agencies, Bitmex has pleaded not guilty and in New York has surrendered to the authorities.
Before U.S magistrate, Judge Sara L, Delo was arraigned and he has pleaded not guilty to all charges and has been released on bond of $20, million ,during the March 15 proceedings
He is allowed to return to his home in United Kingdom pending trial which constitutes one of the bail terms.
As part of the negotiation with the U.S authorities, which terms were coordinated by the FBI and U.S border Patrol permit, Delo surrendered to the US authorities. Also part of the negotiation is that Delo, though subject to a travel ban from United Kingdom authorities, should be allowed to enter United States
The spokesoperson for Delo, in the person of Richard Miller said that that the charges against his boss, represents an overreach by the United States authorities and are unfounded and that Delo is willing to defend himself and clear his name.
The charge against Delo is that some of the executives of Bitmex in the persons of Samuel Reed, Gre Dwyer and Arthur Hayes are floating an unregistered trading platform and which is against the United States anti-money laundering laws, which its citizens are being provided with unlicensed services.
Following the arrest of ex-CTO Samuel Reed, Delo is the second executive from Bitmex to face the authroities. Last month on a $ 5miilion bond, Reed was released from custody.