BitMEX chiefs accused of looting more than $440 million… Details here
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Answer BitMEX chiefs accused of looting more than $440 million… Details here
Recently, the chief executives of HDR Global Trading Limited, the parent company of the BitMEX cryptocurrency exchange, have been accused.
BitMEX has previously been subject to a lawsuit for violating financial laws, illegal trading, and facilitating money laundering.
As for the civil lawsuit and the new indictment, the directors of HDR are charged with theft and systematic theft of $440 million worth of HDR.
The person behind the lawsuit is seeking a lien order against HDR’s assets.
And what I carried lawsuit the following:
We are fully aware of the CFTC and Department of Justice (DOJ) investigations and impending civil and criminal charges.
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The defendants Hayes, Dilo and Red plundered about $440,308,400 in proceeds from various nefarious activities that occurred on BitMEX platform.
The lawsuit alleges that the alleged looting occurred to reduce the amount of financial assets that could be seized by authorities when charges were brought.
The lawsuit did not specify how the funds were seized, but notes that executives began shifting BitMEX profits after learning of the potential charges in 2019.
On October 1, the US Commodity Futures Trading Commission (CFTC) and the Department of Justice announced charges against BitMEX, one of the largest crypto derivatives trading platforms.
HDR heads reaction:
A spokesperson for HDR Global Trading Limited denied the allegations, saying:
Pavel Bogdin has filed a series of increasingly bogus lawsuits against us, and others in the cryptocurrency sector.
We will deal with this through the normal litigation processes, fully aware that the courts will look into his allegations and find out the truth.
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