Category

Commodity Exchange Act

Category

BitMEX is a cryptocurrency exchange and derivative trading platform. It is owned and operated by HDR Global Trading Limited, which is registered in the Seychelles. HDR is an acronym of the last names of its founders, Arthur Hayes, Ben Delo, and Sam Reed. In 2020, Plaintiffs brought a putative class action against the founders and HDR alleging multiple violations of the Commodity Exchange Act (“CEA”), including price manipulation.  The Defendants moved to dismiss the case…