According to a court document uncovered by The Block, Reed’s bond was approved six days ago. With the contingency, he will appear for court proceedings and, if convicted, surrender to authorities. Meanwhile, Reed’s fellow co-founders, Arthur Hayes, Ben Delo, and executive Gregory Dwyer, all indicted on the same charges, remain “at large,” per a press release from the DoJ. Along with the criminal indictments, the U.S. Commodity Futures Trading Commission (CFTC) brought a civil enforcement action against Reed, Hayes, Delo, and two other BitMEX-connected companies. Trade volume on BitMEX exchange has dropped in the last week, and opinions about its fate have been split. Some crypto commentators criticized BitMEX for damaging the industry’s image after the charges, while others noted the opportunity they present for decentralized trading platforms. Reed is currently awaiting his next hearing. He is represented by the law firm Latham & Watkins LLP.
Changes have been made to the leadership of 100x Group, effective immediately. We’ve posted the details on our blog: https://t.co/d9fbwOydJQ— BitMEX (@BitMEX) October 8, 2020
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.