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TEXXR

Chronicles

The story behind the story

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DOJ and CFTC charge BitMEX and its founders with allegedly operating an unregistered trading platform and violating CFTC anti-money laundering rules

The U.S. Department of Justice and the Commodity Futures Trading Commission (CFTC) have filed charges against crypto derivatives exchange BitMEX

The Block Michael McSweeney

Discussion

  • BitMEX Blog BitMEX Blog on x
    United States CFTC & DOJ Filing
  • @uglyoldgoat1 Ugly OldGoat on x
    Here is the indictment against Bitcoin Pioneers exchange innovators. This is a very sad day in America, formerly the land of the free and home of the brave. https://www.justice.gov/...
  • @aridavidpaul @aridavidpaul on x
    4/ I write this very humbly as just a guess: my base case is we bottom $9k.2-$10.4k. And decent chance we quickly resume uptrend, break to new local highs within 2 weeks and that sets off a parabolic advance.
  • @salsatekila @salsatekila on x
    I hope Bitmex wins the case, for our $crypto wild west sake. My green button is disabled for $BTC trading going onwards, for long as FUD regarding Bitmex CFTC lawsuit doesn't get enlightened. 4 Digits likely if no positive updates, IMO. Screenshot source: https://www.theblockcryp…
  • @nathanielpopper Nathaniel Popper on x
    Today's indictment said that BitMEX took few steps to limit customers even after being informed that the exchange was being used by hackers to launder stolen money, and by people in sanctioned countries like Iran. https://www.nytimes.com/...
  • @bitcoinrothbard @bitcoinrothbard on x
    “We strongly disagree with the U.S. government's heavy-handed decision to bring these charges, and intend to defend the allegations vigorously.” Go @BitMEX go! https://twitter.com/...
  • @peterlbrandt Peter Brandt on x
    CFTC @CFTC slaps @BitMEX for illegally operating a crypto exchange. This is a strong statement by U.S. government that cryptos are a financial derivative and that crypto trading will be regulated. https://www.cftc.gov/...
  • @bitcoinmagazine @bitcoinmagazine on x
    No one was arrested for the '08 financial crisis No one was arrested for the Wells Fargo grift No one was arrested for the FinCEN files No one was arrested for the JP Morgan Metals Spoofing These were scams that hurt people BitMEX is a product people love and use- JAIL!!
  • @scottmelker @scottmelker on x
    I have shared the rumors from ex-employees and insiders for years that the CFTC has been after Bitmex. They've been building this case for years. Not great for the space. https://www.coindesk.com/...
  • @aridavidpaul @aridavidpaul on x
    Early thoughts on the Bitmex indictment. A. charges are serious, including evading iran sanctions. B. A half dozen other large exchanges are probably at risk of similar action. C. defi doesn't win to this short-term, but also very unlikely to face https://www.theblockcrypto.com/ …
  • @ncweaver Nicholas Weaver on x
    Hey @TheJusticeDept @SDNYnews Now do Tether... https://www.justice.gov/...