Court orders BitMEX co-founders to pay fine in connection with CFTC charges
Abstract：(Reuters) – The U.S. District Court for the Southern District of New York ordered the co-founders of cryptocurrency platform BitMEX to pay a combined $30 million fine in connection with a 2020 complaint from the Commodity Futures Trading Commission.
div classBodysc17zpet90 cdBBJodivpReuters – The U.S. District Court for the Southern District of New York ordered the cofounders of cryptocurrency platform BitMEX to pay a combined 30 million fine in connection with a 2020 complaint from the Commodity Futures Trading Commission. p
pThe CFTC alleged that Arthur Hayes, Benjamin Delo and Samuel Reed were illegally operating BitMEX in the U.S. while conducting a significant portion of the companys business overseas. The CFTC entered into a consent order with BitMEX in August 2021 and fined the firm 100 million. pdivdivdiv classBodysc17zpet90 cdBBJodiv
p
pp Reporting by Hannah Lang in Washington Editing by Leslie Adlerp
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