Posted by Ed 3 yrs ago 
The BitMEX cofounder created a cryptocurrency exchange that has traded trillions. Now he’s wanted by U.S. authorities, and insiders wonder whether he and his partners are villains—or victims of a two-tiered justice system that favors big banks over brash outsiders.
Arthur Hayes lives large. Like Bobby Axelrod-in-Billions large. Just replace New York with Hong Kong and infuse it with a dose of Silicon Valley—where unicorns spring from the minds of irrepressible company founders—and, well, you get the picture.
One minute Hayes is hitting the powder in Hokkaido, the next he’s crushing it on a subterranean squash court in Central—Hong Kong’s Wall Street. And all the while he keeps one eye trained on an obscure-sounding currency exchange that he built out of thin air and through which more than $3 trillion has flowed.

Screen-star handsome and fabulously wealthy, the African American banker turned maverick personifies the contemporary fintech pioneer. But the feds describe Arthur Hayes differently: a wanted man who “flouted” the law by operating in the “shadows of the financial markets.”
Hayes’s indictment was unsealed in October, and he remains at large in Asia as prosecutors in New York hope to arrest him and try him on two felony counts, which carry a possible penalty of 10 years in prison. 

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Ed 3 yrs ago
The Australian bitcoin mogul at the centre of an epic crypto scandal
If the pictures of Lamborghinis lined up outside bitcoin conferences in Manhattan or jet skis bobbing in the crystal clear waters of Bermuda are anything to go by, working at leading cryptocurrency exchange and derivatives trading platform BitMEX was a sweet gig.

That was especially so for its first employee, Australian born and raised Greg Dwyer. Joining BitMEX in 2015, which grew into a $US3 billion ($3.9 billion) financial behemoth in just a few years, must have seemed like the opportunity of a lifetime for Dwyer. Until it all came crashing down last year.

Last October, the exchange’s four owners were accused by US authorities of flouting sanctions with Iran and allowing organised criminals to launder potentially billions of dollars through their exchange. The disappearance of the public face of BitMEX, its charismatic and telegenic founder Arthur Hayes, has captivated the American financial media and inspired a Vanity Fair feature.
What has not been revealed until now is the involvement of an Australian in the BitMEX saga. For the first time, The Age and The Sydney Morning Herald can tell the story of how a 37-year-old maths whiz from the Sydney suburb of Gordon, a graduate of the prestigious St Ignatius College, Riverview and Sydney University, is at the centre of one of the biggest scandals in the cryptocurrency world’s short history. 

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