{"id":59468,"date":"2022-03-31T17:09:12","date_gmt":"2022-03-31T14:09:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59468"},"modified":"2025-09-04T21:59:32","modified_gmt":"2025-09-04T18:59:32","slug":"media-bitmex-abandons-takeover-of-bankhaus-von-der-heydt","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/media-bitmex-abandons-takeover-of-bankhaus-von-der-heydt\/","title":{"rendered":"Media: BitMEX abandons takeover of Bankhaus von der Heydt"},"content":{"rendered":"<p>Associated with the cryptocurrency derivatives exchange BitMEX, BXM Operations AG and the German Bank Bankhaus von der Heydt (BVDH) agreed to cancel the takeover. As reported by <a href=\"https:\/\/finanz--szene-de.translate.goog\/digital-banking\/verkauf-des-bankhauses-von-der-heydt-gescheitert\/\">Finanz-szene<\/a>.<\/p>\n<p>The purchase agreement <a href=\"https:\/\/forklog.com\/en\/news\/bitmex-announces-acquisition-of-one-of-europes-oldest-banks\">signed<\/a> in January 2022. It was expected to be completed after <span data-descr=\"Federal Financial Supervisory Authority of Germany\" class=\"old_tooltip\">BaFin<\/span> approved it in mid-year.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBoth sides have decided not to proceed with the planned takeover.\u201d<\/em>, a source told the publication.<\/p>\n<\/blockquote>\n<p>The reason for the cancellation was not disclosed.<\/p>\n<p>Sources did not rule out that the regulator signaled informally that it was unhappy with the Seychelles-registered cryptoderivatives exchange behind BXM Operations AG, though there was no official rejection of the deal. BaFin declined to comment on these suppositions.<\/p>\n<p>Earlier, BitMEX co-founder Samuel Reed <a href=\"https:\/\/forklog.com\/en\/news\/bitmex-co-founder-pleads-guilty-to-bank-secrecy-act-violations\">pleaded guilty<\/a> to violating the U.S. Bank Secrecy Act. Before him, in this <a href=\"https:\/\/forklog.com\/en\/news\/former-bitmex-chief-and-co-founder-plead-guilty-to-one-count\">admitted<\/a> other founders of the cryptocurrency derivatives exchange Arthur Hayes and Benjamin Delo. A meeting with Greg Dwyer, head of business development of the platform, <a href=\"https:\/\/forklog.com\/en\/news\/hearing-for-former-bitmex-executive-set-for-october-2022\">will take place in October 2022<\/a>.<\/p>\n<p><span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span> <a href=\"https:\/\/forklog.com\/en\/news\/cftc-sues-bitmex-and-its-founders\">filed a lawsuit<\/a> against BitMEX and its owners. The regulator accused them of operating an unregistered trading platform and violating KYC\/AML rules. Subsequently, BitMEX <a href=\"https:\/\/forklog.com\/en\/news\/bitmex-to-pay-100m-to-settle-us-regulators-claims\">agreed<\/a> to pay a $100 million fine.<\/p>\n<p>Additionally, the Department of Justice charged Arthur Hayes, Ben Delo, Samuel Reed and Greg Dwyer with violations of the U.S. Bank Secrecy Act.<\/p>\n<p>In December 2020, Alexander Heptner\u2014the former head of the Stuttgart Stock Exchange\u2014<a href=\"https:\/\/forklog.com\/en\/news\/bitmex-unveils-transformation-into-one-of-the-worlds-largest-regulated-crypto-derivatives-exchanges\">became<\/a> head of 100x Group, the operator of BitMEX.<\/p>\n<p>In April 2021, a top executive <a href=\"https:\/\/forklog.com\/en\/news\/bitmex-unveils-transformation-into-one-of-the-worlds-largest-regulated-crypto-derivatives-exchanges\">announced<\/a> a platform rebranding aimed at becoming one of the world&#8217;s largest regulated cryptocurrency derivatives exchanges.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BitMEX-linked BXM Operations AG and the German Bank Bankhaus von der Heydt (BVDH) agreed to cancel the takeover. As reported by Finanz-szene.<\/p>\n","protected":false},"author":1,"featured_media":59469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1527,788,36],"class_list":["post-59468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bafin","tag-bitmex","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=59468"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59468\/revisions"}],"predecessor-version":[{"id":59470,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59468\/revisions\/59470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/59469"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=59468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=59468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=59468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}