Plaintiffs accusing BitMEX of market manipulation and racketeering violations will not be able to file their complaint again after being shot down by Judge William Orrick for the second time.
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.
Former CEO Arthur Hayes and other executives at the firm are still likely to face charges on alleged violations of the Bank Secrecy Act.4993
The judge urged the plaintiffs to “focus on the task at hand — convincing me that they have stated a plausible claim.”3352
Can BitMEX and Bitcoin beat Elon Musk and Dogecoin to launch the first crypto asset into lunar orbit?32859
BitMEX has collaborated with a non-profit Human Rights Foundation to provide a $150,000 grant to Korean-based Bitcoin scaling researcher Calvin Kim.4084
BitMEX is responding to increased scrutiny of crypto's high energy consumption levels by pledging to go carbon neutral.3284
18 months after charges were filed, BitMEX executives will head to trial.9012
The former CEO of BitMEX surrendered in Hawaii and was later released after posting a $10-million bond.10090
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.8350
BitMEX's co-owner, Ben Delo, has pleaded not guilty after surrendering to U.S. authorities in New York.19417
Court transcripts have revealed that BitMEX’s fugitive executives Arthur Hayes and Ben Delo are negotiating a surrender with U.S. authorities.11895
Former BitMEX CEO Arthur Hayes has called on all legacy traders to “opt-out” of legacy trading platforms and embrace the “Crypto Capital Markets.”5466
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.3399
The trader was both lying to investors and using an unregistered derivatives strategy on BitMEX.10160
BitMEX’s parent company has joined Global Digital Finance, or GDF, a major industry association advocating for the adoption of digital assets.13798