BitMEX | ForkLog

ForkLog 115 02.06.2025

BitMEX Uncovers Operational Security Flaws in Lazarus Group

The North Korean state-affiliated hacking group, Lazarus Group, exhibits “amateur-level blunders” in operational security, according to findings from a BitMEX investigation. Experts identified an IP address, a database, and tracking algorithms used by the cybercriminals. One group member failed to use a VPN, revealing their actual location in Jiaxing, China. This information was obtained after […]

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ForkLog 22 29.03.2025

Trump Pardons BitMEX Co-Founders, Reports Say

U.S. President Donald Trump has pardoned three co-founders of the BitMEX exchange, according to CNBC. The individuals in question are company co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who were accused of violating the U.S. Bank Secrecy Act’s KYC and AML requirements. Former BitMEX Head of Business Development Greg Dwyer, who was involved in […]

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ForkLog 76 28.02.2025

BitMEX Reportedly Seeks Buyer for Platform Sale

BitMEX is reportedly seeking a buyer for its business, according to sources cited by CoinDesk. To facilitate this initiative, the company hired the boutique investment bank Broadhaven at the end of 2024. The publication highlighted the potential wave of mergers and acquisitions in the crypto derivatives sector. Notably, Kraken and Coinbase have shown interest in […]

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ForkLog 24 16.01.2025

US Justice Department fines BitMEX $100m for Bank Secrecy Act breaches

HDR Global Trading Limited, the operator of the BitMEX crypto-derivatives exchange, was fined $100m in the United States for violating the Bank Secrecy Act. Global cryptocurrency exchange BitMEX fined $100 million for violating Bank Secrecy Acthttps://t.co/eU2zem7JRP — US Attorney SDNY (@SDNYnews) January 15, 2025 The company behind the platform deliberately failed to develop and implement […]

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ForkLog 9 25.10.2024

BitMEX Assesses the Likelihood of MicroStrategy Liquidating Bitcoin Reserves

It is deemed “extremely unlikely” that market conditions will compel MicroStrategy to sell its bitcoin reserves, according to BitMEX Research experts. MicroStrategy Bonds – When Liquidation? We look at MSTR’s outstanding bonds & look at their structure. We assess the possibility MSTR could be forced to sell Bitcoin. We argue that forced liquidations are unlikely, […]

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ForkLog 9 11.07.2024

BitMEX Admits Guilt in Breaching the Bank Secrecy Act

The BitMEX exchange deliberately failed to develop, implement, and maintain an adequate anti-money laundering (AML) program as required by federal law. This was stated in a statement by the U.S. Attorney for the Southern District of New York. From 2015 to 2020, BitMEX was one of the leading cryptocurrency derivatives platforms. “The platform became a […]

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ForkLog 12 09.05.2024

BitMEX Partners with PowerTrade to Launch Options Trading

BitMEX has initiated options trading in collaboration with the PowerTrade platform. BitMEX has partnered with PowerTrade to launch an options trading service in an effort to gain market share from Deribit. Current major competitors also include Binance OKX and Bybit. BitMEX CEO Stephan Lutz said that BitMEX hopes to reach at least $500 million in […]

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ForkLog 9 19.03.2024

Bitcoin Price on BitMEX Dips to $8,900 Amid Large Sell-Off

The cryptocurrency exchange BitMEX experienced a sharp drop in the spot price of Bitcoin against USDT, falling below $8,900. Someone just dumped 400+ BTC over 2 hours in 10-50 BTC clips on the XBTUSDT pair on Bitmex eating 30%+ slippage. They must’ve lost $4m+ at least. pic.twitter.com/g64NRQ4h5a — syq (@syq) March 18, 2024 “Someone just […]

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ForkLog 15 22.06.2023

BitMEX chief urges crypto exchanges to drop market makers

Bitcoin exchanges that profit from prop-trading should drop internal market makers. This was stated by BitMEX's acting CEO Stefan Lutze.

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ForkLog 17 22.05.2023

BitMEX to obtain license in Hong Kong

BitMEX will launch a specialized service for Hong Kong residents as part of preparing to apply for a VASP license in the jurisdiction.

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ForkLog 5 13.03.2023

BitMEX resumes trading after brief outage

On 13 March, the cryptocurrency exchange BitMEX announced a halt to trading due to an identified issue. As of writing, the system is operating normally, the site says.

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ForkLog 5 19.12.2022

Former BitMEX CEO sues exchange for $3.4 million

The former BitMEX CEO Alexander Heptner filed a $3.4 million lawsuit against the derivatives exchange operator, alleging unlawful termination and breach of his employment contract, The Block reports.

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