BitMEX Co-Founders To Pay $30M In Civil Case

[{"selector":"#anim-4b679629-6ed8-40f4-a620-02ff7a9df3c3","keyframes":{"transform":["translate3d(-878.37857%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-97ddc9fe-da51-4a7e-8a47-84337577f8e5","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] May 6, 2022

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[{"selector":"#anim-a73c1159-f8fc-4da2-9ef6-51cbdd5458f3","keyframes":{"transform":["translate3d(115.77180%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5f0dc0b2-cfbd-4f17-a409-292abf022760","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-863495f7-8f3c-4d49-b965-14ccd1b96de5","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-04c3f168-5137-4dba-9862-97967f94eefa","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79467c43-9257-464e-afde-a9228bc9c515","keyframes":{"transform":["translate3d(0px, 187.16195%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] For operating an illegal cryptocurrency derivatives platform and violating money-laundering rules.

[{"selector":"#anim-529f0bb1-3c34-4311-b355-21f7c5263ab0","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32e82831-5e21-4e15-ac39-ffedc8234da9","keyframes":{"transform":["translate3d(0px, 47.34529%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe49ab6f-2b0f-4df2-af65-79522c310ab4","keyframes":{"transform":["translate3d(115.77180%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c24e7c8-8f33-46f7-855f-2ef4d170387d","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-524e27f0-f7e1-4623-83bf-b015ad8930d4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Arthur Hayes, Benjamin Delo, and Samuel Reed have been asked to pay $10 million each.

[{"selector":"#anim-1faa12b1-04a2-40df-ae5b-c8140d6c6004","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc7688a8-a6c7-426b-81ee-b2a58a045be3","keyframes":{"transform":["translate3d(0px, 53.51618%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44af6b8b-616d-471e-b044-f469c300c849","keyframes":{"transform":["translate3d(118.79194%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7daf1227-767d-4771-ac27-318c3b6d737f","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-658077aa-7675-4580-af3c-3c77d6965000","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The co-founders were operating BitMEX illegally through transactions in the US while conducting a significant portion of the business overseas.

[{"selector":"#anim-606b1ab6-417f-4473-b9f9-d24a20d5911f","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-078af650-1ce3-4de6-aac8-88a3043819d1","keyframes":{"transform":["translate3d(0px, 61.42757%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a468c2cc-5b53-462b-abb6-7e9751de11ef","keyframes":{"transform":["translate3d(115.77180%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-25f6fd0e-92cc-49fa-9ddb-0945e43828de","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0aa53019-4889-498b-9b30-e891a0727195","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] According to the Commodity Futures Trading Commission (CFTC), BitMex co-founders violated aspects of the Commodity Exchange Act and CFTC regulations from 2014 to 2020.

[{"selector":"#anim-44dbd9af-857f-40be-ab25-fee2d7d14e65","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5fb473eb-dabb-4ac4-9b18-602991ad49c7","keyframes":{"transform":["translate3d(0px, 159.52884%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-300bf310-e8ba-4043-b61e-a60bfe2575a9","keyframes":{"transform":["translate3d(115.77180%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b2995187-883f-4f3f-919e-dacf3ba21fbb","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-35a6ad4c-eb3d-462d-95db-7467dc9b64db","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] In August 2021, BitMex paid $100 million to the CFTC as a fine.

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