Plaintiff Asks Courts to Preserve BitMEX Emails Held on Twilio; Potential Market Manipulation Lawsuit Evidence

2020-6-12 19:02

Bitcoin Manipulation Abatement LLC (BMA), the firm that recently filed a lawsuit against BitMEX, is pushing for more action from the court to protect potential evidence.

BMA accused BitMEX of market manipulation and non-licensed operations in the U.S; Its counsel has now asked the court to preserve BitMEX email data held on Twilio, a U.S provider for cloud services.

The filing against BitMEX was initiated in mid-May with BMA targeting its Seychelles registered shell company, HDR Global Trading Ltd. According to the submission, BitMEX used this entity as a fallback in exemption from the U.S market laws.

The complaint highlights that BMA was mocked with an ‘incorporated in Seychelles, come at me bro' meme upon requesting BitMEX's operational information.

BitMEX Emails Might Be Incriminating; BMA

In a follow up of the initial filing, BMA published another one on June 9. The plaintiff estimates that around 3,000 email records that could incriminate BitMEX are stored on Twilio, given it is the avenue used for daily communication by the firm.

Pavel Pogodin, the general counsel for BMA, has since emphasized that BitMEX went against the law as Twilio is domiciled in the U.S:

“It was a mistake for them to use the U.S. company for this purpose and claim lack of personal jurisdiction of U.S. and California courts at the same time.”

The recent filing by BMA notes that Twilio has put a temporary deletion hold on BitMEX email records up to June 15. After this, the cloud service provider will evaluate the preservation request, an outcome that might grant BitMEX permission to erase its account records. BMA, therefore, found it prudent to make a move within the few remaining days in a bid to strengthen its case against BitMEX. The filing partly reads:

“to preserve a snapshot of information, including specific user email address data, which is evidence of defendants' contacts with the forum and evidence of defendants operating an unlicensed money transmission business in the United States.”

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manipulation bitmex market evidence bma potential lawsuit

manipulation bitmex → Результатов: 28


BMA обвинила BitMEX в манипулировании рынком и нелегальном обслуживании граждан США

Bitcoin Manipulation Abatement (BMA) подала иск против компании BitMEX HDR Global Trading Ltd, обвинив ее в манипулировании рынком и обслуживании американских граждан без необходимой лицензии. Кроме того, BMA обвиняет биржу BitMEX в отмывании денег, мошенничестве с использованием электронных средств связи и нелегальных денежных переводах.

2020-6-12 14:57


BitMEX истцу в США: «Мы зарегистрированы на Сейшелах. Попробуй что-то нам сделать, бро»

Компания Bitcoin Manipulation Abatement LLC (BMA) обратилась в суд с просьбой сохранить все электронные письма BitMEX, которые хранятся на облачной платформе американской компании Twilio. BMA обеспокоена тем, что без судебного ордера BitMEX может удалить все данные.

2020-6-11 12:38


BitMEX обвиняют в оказании финансовых услуг резидентам США без необходимой лицензии

Истец в судебном иске против криптодеривативной биржи BitMEX обвинил платформу в ведении незаконной деятельности на территории США. Компания The Bitcoin Manipulation Abatement LLC (BMA) подала на BitMEX в суд 16 мая, обвинив биржу в манипулировании криптовалютным рынком, мошенничестве, недобросовестных деловых практиках, отмывании денег и незаконной деятельности по управлению привлеченными средствами.

2020-6-10 11:39


BitMEX истцу в США: «Мы зарегистрированы на Сейшелах. Попробуй что-то нам сделать, бро»

Компания Bitcoin Manipulation Abatement LLC (BMA) обратилась в суд с просьбой сохранить все электронные письма BitMEX, которые хранятся на облачной платформе американской компании Twilio. BMA обеспокоена тем, что без судебного ордера BitMEX может удалить все данные.

2020-6-10 11:06


Фото:

BitMEX обвинили в незаконной деятельности на территории США

Истец в судебном иске против криптодеривативной биржи BitMEX обвинил платформу в ведении незаконной деятельности на территории США. Bitmex Ex Parte App Declaration Pogodin by ForkLog on Scribd Компания The Bitcoin Manipulation Abatement LLC (BMA) подала на BitMEX в суд 16 мая, обвинив биржу в манипулировании криптовалютным рынком, мошенничестве, недобросовестных деловых практиках, отмывании денег и незаконной деятельности по управлению привлеченными средствами.

2020-6-10 10:36


Why BitMEX is Back Under Scrutiny Following Bitcoin’s Rejection at $10.4k

Following Bitcoin’s brutal dump at $10. 4k, the inquest into what went wrong is taking place now. Theories regarding whale manipulation consistently make the rounds during such times. But a more tangible explanation alleges that manipulation at derivatives trading platform BitMEX contributed heavily to the losses sustained yesterday.

2020-6-4 16:36


Фото:

Was BitMEX ‘Again’ Behind The Latest Bitcoin Flash Crash?

BitMEX, the most liquid exchange on the market is being accused of market manipulation (again). Was Arthur Hayes’s exchange the orchestrator of the latest flash crash? Market Manipulation Behind the Latest Spiral It’s been a harrowing week for Bitcoin bulls as the markets peaked at over $13000 last Wednesday and have stepped down a little further almost each day since.

2019-7-19 21:00


Bitcoin Correction Will Spawn New Parabola, Says Veteran Trader Peter Brandt

Bitcoin price took a surprising tumble after some inexplicable kerfluffle at BitMEX and traders are now wondering if the current rally has been compromised. Strong Correction Breaks Bitcoin’s Parabolic Advance Yesterday’s massive liquidation at BitMEX has the entire crypto-world up in arms and concerns about broken parabolas, fat fingers, wonky algos, and outright manipulation are setting every chatroom and journal on fire.

2019-5-18 23:00


Фото:

OKEx Trades Over $2.4Bn in Crypto Derivatives in 24 Hours, Tops BitMEX

OKEx just hit a record in crypto derivatives trading, knocking BitMEX off the top spot.   Turning Things Around OKEx ended last year amid a deluge of criticism from angry traders. Not only was the Asian-turned-Malta-based exchange called out for market manipulation when it forced the early settlement of BCH futures, without warning, right before the fork, but it was also slammed for falsifying trading volume.

2019-3-14 22:00


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Bitcoin Spikes 7 Percent as BitMEX Undergoes “Scheduled Maintenance”

Bitcoin market capitalization jumped from $6,450 to $6,900 in mere moments at 9 PM EST. This coincided directly with a scheduled shutdown of the trading platform BitMEX. Down for Maintenance or Manipulation? The twitter account for BitMEX stated several times that customers were having trouble accessing their services until the site was fixed.

2018-8-24 20:00


Multi-Million Dollar Bitcoin Transfer to Suspected BitMEX Wallet Raises Manipulation Concerns

Controversy has begun on Twitter as approximately 18,000 Bitcoins (BTC) were recently transferred to a wallet suspected to be tied to popular cryptocurrency derivatives platform BitMEX. The large transfer, currently totaling $114 million in value, is leading some to think BitMEX might be involved in a suspected market manipulation scheme, CryptoGlobe reports.

2018-8-15 20:36