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A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege \u201cthe defendants\u2019 Hayes, Delo, and Reed looted about $440,308,400 of proceeds of various nefarious activities.\u201d<\/strong><\/p>\n The cryptocurrency derivatives platform Bitmex is facing a lawsuit<\/a> that claims the exchanges three cofounders \u201clooted\u201d $440 million from the platform. BMA LLC, Vitaly Dubinin, and Yaroslav Kolchin have filed the lawsuit against the popular crypto trading platform.<\/p>\n The recently filed lawsuit follows the charges against the exchange<\/a> stemming from the U.S. Department of Justice (DoJ) and the Commodities Futures Trading Commission (CFTC).<\/p>\n The filing alleges that the defendants were \u201ckeenly aware\u201d of the DoJ and CFTC investigations and criminal charges before law enforcement acted.<\/p>\n \u201cWhile preparing to go on a lam from the U.S. authorities, defendants\u2019 Hayes, Delo, and Reed looted about $440,308,400 of proceeds of various nefarious activities that took place on the Bitmex platform.\u201d<\/p>\n The court filing was invoked by a litigation team called \u201cConsensus Law\u201d and Bitmex categorically denies the allegations.<\/p>\n \u201cPavel Pogodin of \u2018Consensus Law\u2019 has filed a series of increasingly spurious claims against us, and others in the cryptocurrency sector,\u201d an HDR Global Trading Limited representative insists.<\/p>\n \u201cWe will deal with this through the normal litigation process and remain entirely confident the courts will see his claims for what they are,\u201d the HDR rep added.<\/p>\n Pavel Pogodin believes that prior to the CFTC and DoJ crackdown, Bitmex executives were \u201ctrying to make its funds unavailable for the collection of future judgments against it.\u201d<\/p>\n \u201cFurthermore, such a remarkable surge in proceeds distributions may also indicate that Defendants are looting Bitmex Insurance,\u201d Pogodin\u2019s court filing details.<\/p>\n What do you think about the lawsuit against the Bitmex executives? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n The post Court Filing Accuses Bitmex Cofounders of \u2018Looting\u2019 $440 Million Before the Fed Crackdown<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n![\"\"](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/11\/arthurkknnnnnhayes_bitmex_ceo_viatwitter-1280x720-1.jpg\")
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