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Attorneys at Australian BitMEX Executive Convince US Judge to Postpone Banking Violation Trial
The trial of the former BitMEX executives will last until at least October 2022. Writes about this edition The Sydney Morning Herald with reference to the court order.
It emerged that lawyers for Greg Dwyer, an Australian ex-business development manager at BitMEX, had persuaded an American judge to postpone his bankruptcy lawsuit. Dwyer’s lawyers said their client there was no time to prepare for the proceedings following the extradition proceedings from Bermuda.
Dwyer’s trial will now take place in October 2022, and Hayes and two other defendants of BitMEX – Ben Delo and Sam Reed – in March next year. All four defendants pleaded not guilty to all charges.
The prosecution insisted that Dwyer’s trial be held at the same time as the other defendants. According to investigators, Dwyer has known about the investigation against BitMEX since April 2019, when he responded to extensive inquiries from the Commodity Futures Trading Commission (CFTC) under oath.
Recall that the US authorities accused Dwyer, as well as the three founders of the BitMEX cryptocurrency exchange, of deliberate and willful violation of the bank secrecy law and inability to combat money laundering.
In mid-March 2021, BitMEX founder Arthur Hayes also surrendered to the US authorities. It is reported that the ex-head of BitMEX was released on bail of $ 10 million. He returned to Singapore, but at the first request of the court in New York Hayes is obliged to return to the states.
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