coindesk.com
Former BitMEX executive Gregory Dwyer, currently residing in Bermuda, has agreed to extradition to the U.S. to face charges over his alleged involvement in money laundering activities while at the exchange.
Dwyer’s lawyers told a local magistrates court that Dwyer has consented to being extradited and the move now awaits approval from Bermuda’s Governor Rena Lalgie, The Royal Gazette reported Tuesday.
Sydney, Australia-born Dwyer was requested on July 1 for extradition to the U.S. but his lawyers then requested an extradition hearing on behalf of his client, per the report.
Last year, the U.S. Department of Justice charged former BitMEX CEO Arthur Hayes, and company owners Ben Delo and Samuel Reed as well as Dwyer, with allegedly violating the country’s Bank Secrecy Act, and conspiracy to violate the Act.
The three former executives will face trial in the U.S. next spring while Dwyer’s fate remains uncertain.
The U.S. Commodity Futures Trading Commissionalso charged BitMEX with executing futures transactions on an unregistered board, offering illegal options, failing to register as a futures commission merchant and a designated contract market, failing to implement proper know-your-customer rules and other counts, CoinDesk previously reported.
Read more: BitMEX CEO Maps Out Future ‘Living by the Rules’
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