Senior executives at HDR, the parent company of crypto trading platform BitMEX, which has been tasked with facilitating unregistered trading and other breaches, systematically looted $ 440,308,400 from HDR accounts, civil suit says HDR spokesperson called these claims « false »
The lawsuit, filed on behalf of BMA LLC plaintiffs Yaroslav Kolchin and Vitaly Dubinin, seeks a seizure order against HDR assets, while claims against HDR are pending
« While being fully aware of the Commodity Futures Trading Commission ( » CFTC « ) and Department of Justice ( » DOJ « ) investigations and impending civil and criminal charges, and preparing to depart in routed US authorities, the defendants Hayes, Delo and Reed looted approximately $ 440,308,400 of the proceeds of various nefarious activities that took place on the BitMEX platform from the defendant’s HDR accounts, ”the lawsuit claims
Prosecution claims alleged looting took place to reduce the amount of property that could be seized by authorities when charges were laid
An attachment did not specify how the funds were seized, but alleged that executives began to embezzle profits from BitMEX after learning of possible charges in 2019
On October 1, the US Commodities Futures Trading Commission (CFTC) and the Department of Justice both announced charges against BitMEX, one of the world’s largest crypto derivatives trading platforms, and its senior executives
A spokesperson for HDR Global Trading Limited denied the allegations, saying: « Pavel Pogodin of ‘Consensus Law’ has made a series of increasingly bogus claims against us, and others in the industry cryptocurrency We will deal with this issue as part of the normal court process and remain fully confident that the courts will see his claims for what they are. »
Bitcoin, CoinDesk, cryptocurrency exchange
World news – US – Lawsuit alleges BitMEX chiefs ‘looted’ more than $ 440 million from Exchange after discovering probes