• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Cardano decentralization

    Full Cardano decentralization expected this month

    Ethereum price prediction

    Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

    Grayscale

    Grayscale purchases 80 percent of Litecoin mined in February

    bitcoin mining

    Bitcoin mining: 48,000 new machines ordered by Bitfarms to increase hashrate

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems 1

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems

    FTX Exchange

    FTX Exchange adds PayPal support

    ETH price prediction

    ETH Price Prediction: Ethereum price upsurge past the $2000 mark, under siege amid selling pressure

    Binance Smart Chain

    Binance Smart Chain unique addresses hit 47.3M ATH

    MoneyGram

    MoneyGram dragged to court for libel against Ripple

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Cardano decentralization

    Full Cardano decentralization expected this month

    Ethereum price prediction

    Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

    Grayscale

    Grayscale purchases 80 percent of Litecoin mined in February

    bitcoin mining

    Bitcoin mining: 48,000 new machines ordered by Bitfarms to increase hashrate

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems 2

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems

    FTX Exchange

    FTX Exchange adds PayPal support

    ETH price prediction

    ETH Price Prediction: Ethereum price upsurge past the $2000 mark, under siege amid selling pressure

    Binance Smart Chain

    Binance Smart Chain unique addresses hit 47.3M ATH

    MoneyGram

    MoneyGram dragged to court for libel against Ripple

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Exchange News

BitMEX co-founders accused of looting over $400,000

Kamsi King by Kamsi King
November 2, 2020
in Exchange News
2 min read
BitMEX
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

  • BitMEX founders accused of siphoning funds
  • Firm denies any wrongdoing 

A civil lawsuit has been filed in the United States against the founders of BitMEX. According to the lawsuit, the founders were accused of siphoning over $400,000 from the account of the company.

The plaintiffs —BMA LLC, Yaroslav Kolchin and Vitaly Dubinin— are asking the law court to give an order that mandates the attachment of the crypto exchange firm, BitMEX.

RelatedPosts

Decentralized exchange trading lacks infrastructure despite rapid growth

Binance launches support for ADA upgrade

Coinbase pre-IPO shares appreciate following S-1 filing with the SEC

US exchange, Coinbase files with SEC to go public through direct listing

According to the motion filed, the plaintiffs alleges that the three co-founders of the crypto firm, Arthur Hayes, Samuel Reed, and Ben Delo, withdrew funds from the HDR account after they have been notified that they are currently being investigated by the US Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ).

BitMEX had been taken to court  by agencies in the United States. The agencies accuse the crypto firm of breaking several regulatory rules. The violations include failure to implement KYC procedures, failure to adhere to anti-money laundering procedures and breaking regulatory laws guiding service offering to clients based in the United States.

The motion alleges that the money was being withdrawn because the founders were trying to avoid having the funds available against possible judgments against it. The agencies says the funds were not withdrawn towards the purpose of running the business.

BitMEX denies wrongdoing 

A spokesperson of the firm has denied any form of wrongdoing on the part of the firm. According to the statement released on behalf of the firm,  the plaintiffs have mostly filed spurious claims against the firm and other firms that are involved in the crypto industry.

The statement went on to reveal that the firm was planning a defence in the law court. The firm also says it is confident in its defence and believes that the law court would be able to see the merit in their case.

Kamsi King

Kamsi King

King Kamsi is a fintech and digital currency writer and enthusiast. He is keenly interested in blockchain and cryptocurrency and their global adoption. When not busy with writing, he can be found hobnobbing in forums with the best minds in crypto, both developers and startup founders.

Related Posts

decentralized exchange trading
Exchange News

Decentralized exchange trading lacks infrastructure despite rapid growth

February 28, 2021
Binance
Exchange News

Binance launches support for ADA upgrade

February 27, 2021
Coinbase
Exchange News

Coinbase pre-IPO shares appreciate following S-1 filing with the SEC

February 25, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Cardano decentralization

Full Cardano decentralization expected this month

March 2, 2021
Ethereum price prediction

Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

March 2, 2021
Grayscale

Grayscale purchases 80 percent of Litecoin mined in February

March 2, 2021
bitcoin mining

Bitcoin mining: 48,000 new machines ordered by Bitfarms to increase hashrate

March 2, 2021
ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems 3

ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems

March 2, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 4

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.