Beyond BitMEX: CFTC set a new record for lawsuits in crypto this year
Alongside other actions, the CFTC was pleased with its seven enforcement actions in the crypto market. The Commodity Futures Trading Commission, or CFTC, is having a banner year in crypto enforcement.Per the commission's annual review released on Tuesday, fiscal year 2020 featured seven monetary relief actions against firms engaged in illegal activity in crypto, which is a new record.The review said: "In conjunction with the Division’s Digital Asset Task Force, the Commission brought a record setting seven cases involving digital assets." These included charges against PanForex for....
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Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The exchange has agreed to pay as much as $100 million to end investigations by the two agencies. Bitmex Settles With CFTC and FinCEN Bitmex confirmed Tuesday that “it has reached a resolution with both the United States Commodity Futures Trading Commission (CFTC) and Financial Crimes Enforcement Network (FinCEN) in relation to investigations by both agencies.” The company wrote: Bitmex agreed to....
The CFTC has charged BitMEX, CEO Arthur Hayes and other affiliated entities with offering US customers crypto trading services in violation of federal law.
Crypto derivatives platform BitMEX and five associated companies have reached an agreement with the U.S. Commodities Futures Trading Commission (CFTC), per an official press release. The institution revealed that the U.S. District Court for the Southern District of New York approved a “consent order” against these entities. In October 2020, BitMEX and the aforementioned companies […]
Bitcoin is tumbling lower after it was revealed that the U.S. Commodities and Futures Trading Commission (CFTC) is charging BitMEX. BitMEX is a leading crypto derivatives platform based in the Seychelles. The U.S. regulatory agency, which focuses on derivatives, was rumored to be investigating the company. In 2019, Bloomberg came out with a report suggesting […]
Leading crypto derivatives platform BitMEX has continued to support new cryptocurrencies after promising to do so earlier this year. The firm recently announced the addition of three new futures contracts for its users. BitMEX has been a subject of much scrutiny over recent weeks due to the U.S. CFTC announcing it is charging the exchange […]