Search the Community
Showing results for tags 'bitmex'.
The three co-founders of BitMEX crypto derivatives exchange, including former CEO Arthur Hayes, have been ordered to pay a total of $30 million in civil monetary penalties by the United States District Court for the Southern District of New York. The order comes as a result of a suit lodged in October 2020 by the US regulator against the exchange and its executive team for facilitating the trading and processing of swaps without the necessary CFTC licensure in the US. In addition to failing to register with the CFTC, the firm failed to undertake adequate anti-money laundering and know-your-customer checks, according to the order. https://www.theblockcrypto.com/linked/145385/court-orders-bitmex-co-founders-pay-a-total-of-30-million-in-cftc-civil-case/