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Crypto Exchange Bitmex Pleads Guilty to Violating Bank Secrecy Act, AML Failures
13.7.2024
Crypto exchange Bitmex has pleaded guilty to violating the Bank Secrecy Act (BSA) by failing to maintain an adequate anti-money laundering (AML) program, resulting in the company being a vehicle for large-scale money laundering. The DOJ announced this plea following previous legal actions...
Bitcoin derivatives data forecasts sub-$30K BTC price heading into Friday’s $800M options expiry
9.6.2022
Bulls placed too much hope on $32,000 flipping to support, an error that is bound to show by Friday’s $800 million BTC options expiry
US Court Fines Bitmex’s Founders $30 Million for Operating Illegal Crypto Platform
7.5.2022
The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed must pay $10 million each. Bitmex’s Founders Fined $30 Million...
FBI arrests 24-year-old crypto trader for commodities and wire fraud
26.1.2021
The trader was both lying to investors and using an unregistered derivatives strategy on BitMex
BitMex turns to Chainalysis to solve legal woes, or at least soften the CFTC's blow
13.1.2021
If you can't beat 'em, join 'em? BitMex onboards more aggressive Chainalysis measures in advance of a response to the CFTC
Beyond BitMEX: CFTC set a new record for lawsuits in crypto this year
1.12.2020
Alongside other actions, the CFTC was pleased with its seven enforcement actions in the crypto market
Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours
2.10.2020
Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against Bitmex and its executives for allegedly operating an unregistered trading platform....
Bitmex Charged With US Rules Violations — Owners Face Criminal Charges, Prison
2.10.2020
Cryptocurrency derivatives trading platform Bitmex has been charged with illegally operating in the U.S. Concurrently, its executives, including CEO Arthur Hayes, have been charged with violations of the Bank Secrecy Act and are facing prison sentences. One of the Bitmex founders has already been...
3 reasons why the CFTC action against BitMEX will not crash Bitcoin price
1.10.2020
Bitcoin price declined by 4% after the CFTC revealed charges against BitMEX but BTC remains bullish in the long term
CFTC charges BitMex with illegally operating derivatives exchange
1.10.2020
Not being incorporated in the U.S. did not help the popular platform
Crypto Trading Platform BitMEX ‘Attempted to Evade’ US Regulations, CFTC Charges
1.10.2020
The CFTC has charged BitMEX, CEO Arthur Hayes and other affiliated entities with offering US customers crypto trading services in violation of federal law
BitMEX Adds Hong Kong, Bermuda, and Seychelles to Trade Restriction List
20.8.2019
Seychelles based BitMEX has recently made changes to its trade restriction list. The crypto-derivatives trading platform also has branches in Hong Kong and Bermuda. Yesterday, the crypto exchange announced three new important additions to the list. BitMEX with its parent company- HDR Global Trading...
Bitmex Outflows Hit Record in July Exceeding $500M Amid CFTC Probe
5.8.2019
Outflows on BitMEX, the second top crypto exchange by reported trading volume to date, exceed $500 million in July