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Court Filing Accuses Bitmex Cofounders of ‘Looting’ $440 Million Before the Fed Crackdown
2.11.2020
A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and Reed looted about $440,308,400 of proceeds...
Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules
22.10.2020
Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it said. In a statement, the crypto derivatives exchange stated that...
Bitmex CEO Hayes Steps Down Following U.S. Criminal Charges
8.10.2020
Arthur Hayes, chief executive officer of bitcoin derivatives exchange Bitmex, is stepping down from his position a week after U.S. prosecutors filed criminal charges against him. Hayes is leaving together with other top executives who are facing similar charges. The company announced on Thursday...
BitMEX CEO Arthur Hayes Leaves Role After US Charges
8.10.2020
The parent group of BitMEX has announced an executive shakeup after U.S. authorities charged the firm over allegedly illegal conduct
Breaking: Arthur Hayes Steps Down As CEO of BitMEX
8.10.2020
Arthur Hayes. Source: a video screenshot, Youtube, CfC st. Moritz
BitMEX founders Arthur Hayes and Samuel Reed have stepped back from all executive management responsibilities for their respective CEO and CTO roles with immediate effect, the company announced today. Also, with fellow Founder...
BitMex has bled 45k Bitcoin since US gov charges, allowing other exchanges to benefit
3.10.2020
Gemini, Binance, OKEx and Huobi appear to be the biggest gainers of the BitMex fallout
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...
Arthur Hayes & Co Run BitMEX Illegally - CFTC
1.10.2020
Arthur Hayes. Source: a video screenshot, Youtube, Distributed
Three owners of major crypto derivatives exchange BitMEX and five related companies charged with operating an unregistered trading platform and violating multiple regulations, the US Commodity Futures Trading Commission (CFTC) said...
'The Game Has Changed,' Says Arthur Hayes As BitMEX to Verify All Its Traders
14.8.2020
Arthur Hayes. Source: a video screenshot, Youtube, Distributed
Major crypto derivatives exchange BitMEX said it will ask all its customers to complete ID checks within the next 6 months if they want to to continue trading on the platform.
"The game has changed, and so have we; keep a stiff...
Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug
13.8.2020
A new yield farming project is all the rage this week, as the Yam Finance project saw over $460 million dollars locked into the platform in 17 hours on Tuesday. On social media and crypto-focused forums, people have been very skeptical of the Yam Finance project as the code has not been audited....
BitMEX Derivatives Exchange Operator Rebrands to ‘100x’
15.7.2020
BitMEX's parent company, HDR, has undergone a perhaps controversial rebranding to 100x
BitMex’s Parent Company Transforms Into ‘100x Group'
15.7.2020
BitMex’s parent company has undergone a corporate restructuring to allow it to make investments in the digital currency space
Sparrow Raises USD 3.5 Mil in Series a Funding
23.6.2020
23 June 2020, Singapore – Sparrow, the leading options trading platform has secured USD 3.5 million in Series A funding to accelerate platform development. The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital, Du Capital and FinLab EOS VC. Kenneth...
Bitcoin’s Flash Rally to $10,400 was “Fake”, Short the Cryptocurrency, Warns Renowned Trader Bollinger
3.6.2020
Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way. “This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator....
Company That Sued FTX and Ripple Now Sets Its Sights on BitMEX
18.5.2020
BMA LLC, which two weeks ago sued Ripple, has now accused crypto derivatives exchange BitMEX of orchestrating the largest financial crime in U.S. history
BitMEX Faces Lawsuit for Alleged Racketeering and Extensive Illicit Activities
18.5.2020
BitMEX and its executives have been accused of engaging in or abetting crimes that include racketeering, money laundering, wire fraud and unlicensed money transmission
BitMEX CEO Expects Investors to Follow Paul Tudor Jones’ Move to Bitcoin
9.5.2020
BitMEX’s CEO expects that Paul Tudor Jones will bring more big investors to the crypto market by investing in Bitcoin
Hayes’ Scary Warning: Bitcoin Price Could “Absolutely” Retest $3k
11.4.2020
BitMEX CEO Arthur Hayes says another plunge in the US stock market could drop Bitcoin price as low as $3,000
Tether, ICOs, Craig Wright – Attorney Divulges New Details on Billion Dollar Crypto Lawsuits
9.4.2020
On April 3, the law firms Roche Cyrulnik Freedman and Selendy & Gay filed 11 class-action lawsuits against multiple digital currency exchanges and the issuers of certain initial coin offering (ICO) tokens. Entities like Block.one, Tron, Bancor, Status and numerous company executives...