The former CEO of BitMEX surrendered in Hawaii and was later released after posting a $10-million bond.
BitMEX is a cryptocurrency derivatives exchange. The BitMEX exchange offers a Bitcoin (BTC) perpetual swap trading product, which allows participants to leverage up to 100x the funds they hold on the exchange. Additionally, on BitMEX, BTC futures contracts that come with expirations can be traded, as well as futures and perpetual swap trading for crypto assets other than BTC. BitMEX fees and the BitMEX funding rate come with trading on the platform, depending on the contracts traded.
BitMEX also has a simulated trading platform, called BitMEX Testnet, on which participants use a worthless digital asset called Testnet Bitcoin. BitMEX does not allow customers from the United States and a number of other regions.
Lawyers for the former CEO of crypto derivatives exchange BitMEX are proposing Hayes’ voluntary appearance on April 6, with his potential release on bail subject to a $10 million personal recognizance bond.8266
BitMEX's co-owner, Ben Delo, has pleaded not guilty after surrendering to U.S. authorities in New York.19311
Court transcripts have revealed that BitMEX’s fugitive executives Arthur Hayes and Ben Delo are negotiating a surrender with U.S. authorities.11798
Former BitMEX CEO Arthur Hayes has called on all legacy traders to “opt-out” of legacy trading platforms and embrace the “Crypto Capital Markets.”5384
Once reportedly the highest-paid executive at the Bank of China, Wai Kin Chim has joined BitMEX’s parent firm as an independent non-executive board director.3338
The trader was both lying to investors and using an unregistered derivatives strategy on BitMEX.8680
BitMEX’s parent company has joined Global Digital Finance, or GDF, a major industry association advocating for the adoption of digital assets.13717
BitMEX Research has identified what it believes to be a double-spent Bitcoin transaction... worth $21.87871
The SEC's incoming chair predicted the crackdown on crypto exchanges over AML concerns back in 2018. See what other insight he had.10465
If you can't beat 'em, join 'em? BitMex onboards more aggressive Chainalysis measures in advance of a response to the CFTC.10395
Equos has introduced a Bitcoin perpetual futures contract.8896
Controversial crypto derivatives trading platform BitMEX says its entire user base has completed the obligatory Know Your Customer process.4589
Pressured by U.S. authorities, more foreign exchanges are blocking American investors, but are vague U.S. regulations the real problem?13657
A decentralized exchange says that users don’t need to complete Know Your Customer checks because of how it’s based on a smart contract.6323