The Commodity Futures Trading Commission filed money-laundering and other civil charges against BitMEX, for improperly operating in the U.S. today.
The court action, filed in the U.S. District Court for the Southern District of New York charged the owners of the exchange with operating an unregistered trading platform, and failing to impose anti-money laundering procedures, and other violations. Owners Arthur Hayes, Ben Delo, and Samuel Reed, were named as the owners and cited as operating “BitMEX’s platform through a maze of corporate entities.”
Digital assets hold great promise for our derivatives markets and for our economy,” said Chairman Heath P. Tarbert. “For the United States to be a global leader in this space, it is imperative that we root out illegal activity like that alleged in this case.
BitMEX was not immediately available for comment.
The case was brought by the Division of Enforcement’s Digital Asset and Bank Secrecy Act Task Forces.
Also named on the suit were HDR Global Trading Limited, 100x Holding Limited, ABS Global Trading Limited, Shine Effort Inc Limited, and HDR Global Services (Bermuda) Limited (BitMEX).
The CFTC claimed that BitMEX “received more than $11 billion in bitcoin deposits and made more than $1 billion in fees, while conducting significant aspects of its business from the U.S. and accepting orders and funds from U.S. customers.