Cryptocurrency

Former customers of BitMEX have filed an opposition to the dismissal of the racketeering suit against the exchange, co-founders, and parent companies.

Former customers of BitMEX have filed an opposition to the dismissal of the racketeering suit against the exchange, co-founders, and parent companies. Plaintiffs echo many of the complaints of the U.S. Commodities Futures Trading Commission, accusing its founders of "myriad" illegal activities.

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  • BMA LLC, Yaroslav Kolchin, Vitaly Dubinin, Dmitry Dolgov, and Păun Gabriel-Razvan, who filed a lengthy suit against BitMEX's co-founders, have opposed defendants' filings for dismissal.
  • Plaintiff's counsel, Pavel Pogodin, reportedly provided U.S. District Judge William H. Orrick "a mountain" of evidence and 50 facts to prove its allegations against BitMEX.
  • The previously submitted complaint alleges that BitMEX's purpose was to promote, aid, and facilitate illicit activities, including wire fraud and money laundering.