As a letter submitted to the Southern District Court of New York outlines, the counsel’s negotiations with the government on behalf of Hayes began shortly after his indictment was unsealed in Oct. 2020. The proposed bail conditions, which are subject to the court’s approval, stipulate that Hayes, who has lived in Singapore since Jan. 2020, would potentially be released on a $10 million personal recognizance bond, secured by $1 million in cash and co-signed by his mother.
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Source: Cryptocurrency - investing.com
