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BitMEX Hit with a Lawsuit for Market Manipulation and Fraud

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Cryptocurrency exchange BitMEX was recently hit with a new lawsuit that accused the platform of market manipulation and fraud.

Several allegations against the platform

The lawsuit was filed against HDR Global Trading, the parent company of BitMEX. It named the company’s three co-founders as defendants- Arthur Hayes, Samuel Reed, and Ben Delo. ABS Global Trading has also been named in the lawsuit which alleges several violations like wire fraud, racketeering, and money laundering against the defendants. It was filed in a California district court by BMA LLC.

The documents submitted in court suggest that the exchange is engaged in “a ...

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