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BitMEX Parent Company Plans To Fight CFTC And DOJ Charges, Denounces Heavy Handed Accusations

Emily Mason

Summary: After the U.S. Department of Justice and Commodities and Futures Trading Commission filed charges against crypto derivatives platform BitMEX on Thursday, the exchange's parent company HDR Global Trading Limited declared in a statement to The Block plans to fight the charges. BitMEX and its CEO Arthur Hayes along with co-founders Ben Delo and Samuel Reed ...

After the U.S. Department of Justice and Commodities and Futures Trading Commission filed charges against crypto derivatives platform BitMEX on Thursday, the exchange's parent company HDR Global Trading Limited declared in a statement to The Block plans to fight the charges.

BitMEX and its CEO Arthur Hayes along with co-founders Ben Delo and Samuel Reed were accused of operating an unregistered trading platform and not complying with CFTC anti-money laundering and know-your-customer regulations.

An HDR spokesperson said that the company disagrees with the heavy-handed charges and always complied with government regulations as they were understood at the time.

By Emily Mason

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Link: BitMEX Parent Company Plans To Fight CFTC And DOJ Charges, Denounces Heavy Handed Accusations   [Copy]
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