BitMEX Founder Surrenders to U.S. Authorities, Pleads Not Guilty

BitMEX cofounder Benjamin Delo has turned himself in following charges that the exchange skirted AML laws.

205 +

‘Warning Shot’ for DeFi: Here’s Why BitMEX Charges are ‘Incredible Bearish’ for this Burgeoning Sector

Prosecutors in the United States filed criminal charges against BitMEX, accusing it of violating the federal Bank Secrecy Act. The CFTC has been investigating one of the biggest derivatives exchanges for some years now.

206 +

A ‘Big’ Positive Step Towards the Bitcoin ETF Approval

In terms of the price of Bitcoin, criminal charges on the popular cryptocurrency derivatives exchange BitMEX may be bearish, but the same isn’t true for the overall market. Just like it is bullish in the long term, this could help in getting the much-desired Bitcoin exchange-traded fund (ETF) an approval.

231 +

Over 32,200 Bitcoins were withdrawn from BitMEX in an hour

The Bitcoin market witnessed a strong blow as the BitMEX's co-founders were charged with money laundering violations among other charges by the Commodity Futures Trading Commission [CFTC]. While in a The post Over 32,200 Bitcoins were withdrawn from BitMEX in an hour appeared first on AMBCrypto.

181 +

LINK Price Not Ready to Rebound, While Chainlink’s Proof of Reserve to Audit $1 Bln WBTC

Yesterday, the crypto market took a hit on the news of BitMEX facing criminal charges. Chainlink (LINK) was one of the top cryptos that reacted the most violently, losing 15. 3% of its value. At the time of writing, LINK has been trading at $8.

298 +

Here’s Why the BitMEX Criminal Charges Are ‘Bullish’ for Bitcoin’s Price & The Overall Market

As we reported, on Thursday, the US authorities brought criminal charges against the owners of the popular cryptocurrency derivatives platform BitMEX, accusing them of engaging in illegal transactions and allowing money laundering.

179 +

DeFi could come under increased scrutiny, here's why

October is off to an interesting start, as news of charges against BitMEX by the CFTC and DOJ come to light – with the arrest of Arthur Hayes and three co-owners of the BitMEX exchange. The exchaThe post DeFi could come under increased scrutiny, here's why appeared first on AMBCrypto.

206 +

BitMEX owners accused of money laundering and other illegal activities

Owners of one of the world’s biggest Bitcoin exchanges, BitMEX, have recently faced criminal charges which accuse them of using the exchange for laundering money and conducting other criminal activities.

216 +

Why the BitMEX charges could be bad news for DeFi

Charges against BitMEX for weak AML and KYC policies could be bad news for the world of decentralized finance

179 +

BitMEX founder arrested for violation of US anti-money laundering laws

U.S. authorities have filed charges against Bitcoin exchange BitMEX, accusing the Hong-Kong based company and its founders of allowing unregistered trading and ongoing violations of U.S. anti-money laundering rules

216 +

Here’s Why the CFTC’s Charges Against BitMEX are Bad for DeFi

The crypto industry was shocked to hear that the U. S. Commodities and Futures Commission (CFTC) formally charged the three co-founders of BitMEX today. This sent shockwaves throughout the entire market, while also particularly impacting the tokens within the DeFi sector.

194 +

Bitcoin plunges below $10,500 as U.S. government peruses BitMEX owners

Bitcoin’s price has been rocked by news of the Commodities and Futures Trading Commission bringing charges against popular margin trading platform BitMEX. The post Bitcoin plunges below $10,500 as U.

193 +

BitMex denies CFTC and DoJ allegations, says trading will continue

Despite criminal charges from the DOJ and at least one arrest of its leadership, Bitmex promises to continue operating as usual.

184 +

Bitcoin Price Drops As US Prosecutors File Charges Against BitMEX For Money Laundering And Facilitating Illicit Trading

BitMEX, the most widely utilized bitcoin margin trading platform, failed to enact proper compliance procedures and allowed unregistered trading, among other violations, according to US regulators. The United States Commodity Futures Trading Commission has charged BitMEX cryptocurrency exchange, CEO Arthur Hayes, the firm’s owners (Samuel Reed and Ben Delo), and corporate entities (HDR Global Trading […]

302 +

3 reasons why the CFTC action against BitMEX will not crash Bitcoin price

Bitcoin price declined by 4% after the CFTC revealed charges against BitMEX but BTC remains bullish in the long term.

128 +

Bitcoin Price Crashes $450 on BitMEX CEO Arthur Hayes & Other Founders Indicted on Criminal Charges

CFTC has charged BitMEX with illegally operating a derivatives trading platform. Back in July 2019 U. S. Commodity Futures Trading Commission (CFTC) started investigating the exchange with a focus on allowing Americans to trade on the platform while not being registered with the agency.

280 +

Bitcoin Plummets as CFTC and FBI File Charges Against BitMEX

302 +

CFTC charges Bitmex co-founders for violating Bank Secrecy Act

Update 2: In a reaction to the CFTC levying charges against BitMEX, the latter released an official statement that read: “We strongly disagree with the U.S. government’s heavy-handed decision to The post CFTC charges Bitmex co-founders for violating Bank Secrecy Act appeared first on AMBCrypto.

216 +

CFTC charges BitMEX with illegally operating an unregistered trading platform

The United States Commodity Futures Trading Commission (CFTC) has charged the owners of BitMEX with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to meet required AML procedures.

202 +

CFTC charges BitMex with illegally operating derivatives exchange

Not being incorporated in the U.S. did not help the popular platform.

129 +

Top Crypto News (Nov 8): SEC Shutdowns EtherDelta, Square’s Bitcoin, IBM, BitMEX, Binance, Bitmain

Bitcoin Investors Should Never Use Centralized Crypto Exchanges for Storing Crypto Assets Bitcoin Investors Should Never Use Centralized Crypto Exchanges for Storing Crypto Assets SEC Charges EtherDelta Token Trading Founder for Operating Unregistered Exchange Illegally SEC Charges EtherDelta Token Trading Founder for Operating Unregistered Exchange Illegally Square’s Shareholder Letter Shows $43 Million in BTC Revenue […]

238 +