BitMEX, which has been Charged for Unregistered Exchanging, Looted $440M, Civil Suit Claims

November 2, 2020

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A civil lawsuit claims, the parent firm of crypto exchanging stage BitMEX, which has been charged for running unregistered exchanging and other violations, the high officers of HDR, systematically looted more than $440M from HDR accounts. Further, a spokesperson for HDR called the claim fake. 


The suit claims, while being acutely mindful of the Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ) examinations and quickly impending common and criminal accusations, and keeping in mind that planning to go on the lam from the U.S. specialists, Defendants Hayes, Reed plundered, and Delo about $440,308,400 of continues of different nefarious exercises that occurred on the BitMEX stage from Defendant HDR accounts.


However, an attached exhibit didn’t specify how the amount was seized but apparently that the executives starting diverting BitMEX’s gain after getting aware of the probable chargeback in 2019.


The suit, recorded for offended parties Vitaly Dubinin, BMA LLC, and Yaroslav Kolchin looks for an order for connection against HDR resources, while claims against HDR are being disputed. The suit guarantees the supposed looting happened to decrease the measure of resources that could be seized by authorities when charges were brought. 


A representative for HDR Global Trading Limited denied the cases, stating, Pavel Pogodin of Agreement Law has recorded a progression of progressively fake cases against us and others in the cryptographic money area. We will manage this through the ordinary case measure and remain certain the courts will perceive the truth about his cases.


On October 1, the Department of Justice (DOJ) and the U.S Commodities Futures Trading Commission (CFTC) both declared the charges against one of the top leading cryptocurrency derivatives exchanging platform, BitMEX, and its top-level executives for practicing unregistered trading and other violations. 

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