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$300M Lawsuit Filed Against Crypto Exchange BitMEX for Concealing Investor’s Equity

Posted on December 14, 2019December 14, 2019 by Rehan Yousaf

One of the most prominent cryptocurrency exchanges, BitMEX, is being sued for $300 million after it allegedly did not meet its equity and stiffed an investor. According to the lawsuit filed against the crypto company by Frank Amato and RGB Coin Ltd., who were one of the first seed investors of BitMEX back when it had started in 2015, they will now be pursuing action against the company and its CEO, Arthur Hayes. The details…

Crypto Exchange BitMEX Accidentally Revealed User Information in Massive Email Leak

Posted on November 3, 2019November 3, 2019 by Rehan Yousaf

BitMEX, a Bitcoin mercantile exchange that also happens to be one of the largest crypto derivatives markets, might have exposed their entire userbase by forgetting to use the blind carbon copy (bcc) option in the header when sending an email to its customers about a recent update in its services. The bcc option ensures that one recipient cannot know who the other recipients are. Instead of using this safe option, plain carbon copy option was…

CFTC Investigates Crypto Exchange BitMEX over Alleged Illicit US Trading

Posted on July 21, 2019November 3, 2019 by Rehan Yousaf

Seychelles-based cryptocurrency subsidiaries exchange BitMEX is being examined by the America Commodity Futures Trading Commission (CFTC) to decide if it defied guidelines by permitting U.S dealers into its platform. As per a Bloomberg report on Friday, the investigation would take several months to explore the issue since BitMEX isn’t enlisted with the CFTC. BitMEX CEO and founder Arthur Hayes was quoted saying about the crypto exchange’s imbroglio: “BitMEX gives secured, quick, and standard methods for…

Crypto Combat: Bitcoin Critic Nouriel Roubini vs. BitMEX CEO Arthur Hayes

Posted on July 8, 2019November 3, 2019 by Ravi Rd

The economist and diehard crypto critic Nouriel Roubini who is also known as “Dr. Doom” and the CEO of the crypto exchange BitMEX Arthur Hayes recently held a debate, which later turned into the massive spat, at the Asia Blockchain Summit this week organized in Taipei. The interesting thing about the debate is that it didn’t go live online yet, even after it was labeled as “Tangle in Taipei.” In response to Business Insider’s email,…

BitMEX CEO Arthur Hayes: “Shitcoin” Ethereum Will Drop to Double Digits

Posted on August 16, 2018November 3, 2019 by Omri Shabath

BitMEX CEO Arthur Hayes does not afraid to make predictions. The former banker turned crypto enthusiast notably predicted that Bitcoin would reach to $50,000, but not before it would pass through a bottom of $5,000. Now, Hayes has some forecasts regarding Ethereum (ETH)trade, the second largest cryptocurrency as well; and those projections are quite ominous ones. In the company’s newsletter, “BitMEX Crypto Trader Digest,” Hayes essentially argues through an anecdote that since 2017 until early…