BitMEX executives accused of illegal withdrawal $440 mln from the exchange to hide assets

According to court documents, BitMex leaders have withdrawn from the exchange more $440 million after that, As it became known about the investigation of the company's activities by the American regulator.

According to the court, The leaders of the HDR - the BitMEX maternal company - were deliberately withdrawn from the site more $440 million after that, As it became known about the investigation of the company's activities by the US trade futures Commission (CFTC). 

Recall, that in early October, CFTC filed a lawsuit against the BitMEX cryptocurrency derivatives exchange, Having accused her of illegally conducting activities in the United States, as well as in violation of the KYC and Aml rules.

In a separate lawsuit, Filed on behalf of BMA LLC representatives, Yaroslav Kolchin and Vitaly Dubinin, The claim was put forward to arrest HDR assets for the duration of the trial. The lawsuit says:

“Being aware of the investigations of the Commission on Trade Futures and the US Department of Justice, as well as the upcoming administrative and criminal charges, And trying to hide the income from the US authorities, The accused Hayes, The case and Reed were assigned $440 308 400. This money was obtained as a result of illegal actions on the BitMex platform, and withdrawn from HDR accounts by defendants ".

According to the claim, The alleged illegal withdrawal of funds was made to reduce the amount of assets, which could be confiscated by the authorities upon charges.

The application to the lawsuit is not indicated, How the money was withdrawn, But approved, that the leaders began to withdraw profit after, How did you learn about possible accusations of 2019 year. The press secretary of the HDR denied these accusations and said:

“Pavel Pogodin from Consensus Law filed a series of fabricated claims against us and other participants in the cryptocurrency sector. We will fight him within the framework of the usual trial and are completely sure, that the court will see the true nature of these claims ".

Recall, that Bitmex Technical Director Samuel Reed (Samuel Reed), arrested on charges of the US Department of Justice, was released on bail $5 million.