Federal Court Orders BitMEX’s Three Co-Founders to Pay a Total of $30 Million for Illegally Operating a Cryptocurrency Derivatives Trading Platform and Anti-Money Laundering Violations Other enforcement

CFTC release 8522-22 · 2022-05-05 · view on cftc.gov ↗

Key facts

Release number: 8522-22
Release date: 2022-05-05
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8522-22

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.