BitMex Founder's ‘Coconut' Bribery Claim Just a Joke, Judge Says [Business News Network (BNN) (Canada)]
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Source: Business News Network
cited a joke he made about using a coconut to bribe officials in the Seychelles, where the company is based, as evidence of his desire to avoid regulation. But U.S. District Judge John Koeltl on Thursday blocked the government from presenting the “coconut” comment during the criminal trial of Hayes and other BitMEX executives in March. Hayes “spoke in a plainly jocular fashion” and the video of his comments is “highly inflammatory” because it suggests bribery is taking place, Koeltl said. “There's no evidence of bribery in the Seychelles, and plainly the relevance of the segment is outweighed by the danger of unfair prejudice.” The quip was made during a heated debate between Hayes and economist Nouriel Roubini at the Asia Blockchain Summit in July 2019, dubbed the “Tangle in Taipei.” Roubini accused cryptocurrency exchanges of skirting laws by operating in jurisdictions with little oversight. But Hayes defended the company's decision to be in the Seychelles, saying BitMEX is su
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