{"id":55377,"date":"2021-12-29T10:45:11","date_gmt":"2021-12-29T08:45:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55377"},"modified":"2025-09-04T01:03:20","modified_gmt":"2025-09-03T22:03:20","slug":"hearing-for-former-bitmex-executive-set-for-october-2022","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hearing-for-former-bitmex-executive-set-for-october-2022\/","title":{"rendered":"Hearing for former BitMEX executive set for October 2022"},"content":{"rendered":"

The legal team for BitMEX’s former development chief Greg Dwyer has persuaded a U.S. judge to delay proceedings until October 2022, The Sydney Morning Herald<\/a> reports.<\/p>\n

Attorneys argued the delay was necessary on the grounds of insufficient time to prepare for the proceedings.<\/p>\n

U.S. District Judge John Koeltl also agreed to sever Dwyer’s case from the other three defendants.<\/p>\n

In October 2020, the U.S. Department of Justice charged<\/a> the exchange’s co-founders Arthur Hayes, Ben Delo, Samuel Reed, and Greg Dwyer with violations of the Bank Secrecy Act. Each faces up to five years in prison.<\/p>\n

Reid was arrested in the United States; he posted a $5 million bond<\/a>.<\/p>\n

Delo surrendered to U.S. authorities<\/a> in March 2021.<\/p>\n

Hayes flew from Singapore to Hawaii<\/a> in April, agreeing to the terms<\/a> of voluntary surrender.<\/p>\n

Dwyer, who resided in Bermuda, agreed to extradition<\/a> in September.<\/p>\n

Hayes, Delo and Reed will appear before the court in March<\/a>.<\/p>\n

U.S. Attorney Damian Williams of the Southern District of New York urged a joint trial for all four defendants, noting that Dwyer had been aware of the case since the indictment.<\/p>\n

However, Judge Koeltl noted that the lawyers for the former BitMEX development chief had not participated in the proceedings until recently.<\/p>\n

\n

\u201cHe will have substantially less time to prepare for trial than the other defendants. The lack of time will hamper preparation for this complex case,\u201d ruled the judge.<\/p>\n<\/blockquote>\n

The civil action brought by the CFTC<\/span> has been settled, with a $100 million penalty and an independent audit.<\/p>\n","protected":false},"excerpt":{"rendered":"

The legal team for BitMEX’s former development chief Greg Dwyer persuaded a U.S. judge to delay proceedings until October 2022, The Sydney Morning Herald reports.<\/p>\n","protected":false},"author":1,"featured_media":55378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[788,1162],"class_list":["post-55377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmex","tag-court-cases"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=55377"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55377\/revisions"}],"predecessor-version":[{"id":55379,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55377\/revisions\/55379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55378"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}