A lawsuit has been filed against the trading platform, which is suspected of manipulating the price of bitcoin and other cryptocurrencies, money laundering, and operating in a US jurisdiction without the necessary license
The Bitcoin Manipulation Abatement LLC (BMA), which in may accused the BitMEX derivatives platform of fraud, made a new demand. The plaintiff asked the court to freeze all e-mail correspondence between the exchange and its clients. This data can confirm that the platform provided services to users from the United States without a license, and thus violated the country’s legislation, reports Cointelegraph.
About 30 thousand messages are stored on the mail service Twilio, which agreed to impose a ban on deleting data from the BitMEX account until June 15. This service is located in the jurisdiction of the United States. It was a mistake to use it and at the same time be registered in the Seychelles through the parent company HDR Global Trading, said Pavel Pogodin, BMA’s General counsel. He noted that when the company asked BitMEX for further information on The case, the platform’s representatives responded with a meme.
“Registered in the Seychelles, what are you going to do to me, bro,” the image of one of the founders of BitMEX reads.
The BMA filed a lawsuit against BitMEX and its co-founders Arthur Hayes, Ben Delo and Samuel Reid on may 16. The platform is accused of manipulating the cryptocurrency market and prices, fraud, unfair business practices, money laundering and illegal activities to manage funds raised.