According to the world-renowned financial and media company Bloomberg, there is an indictment of BitMex, and its founder Arthur Hayes. The indictment comes from Frank Amato, a former Seed Investor of the derivatives Exchange. This calls of BitMex, and Hayes now damages in the amount of $ 300 million.The news about the indictment is not the first negative message that hits BitMex. In the past, BitMex, one of the largest derivatives exchanges around the world had problems due to the accidental disclosure of millions of customer data.
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The BitMex charges: Hayes, Frank Amato, and $ 300 million
Everyone can imagine that a direct Investment to the early days of the derivatives Exchange BitMex has been a more than lucrative business. We will do this with Pay walls.We come back to Frank Amato and the RGB Coin Ltd. These are probably one of the first investors and Financiers of BitMex. Anyone who may have founded a company or in the Startup world knows that Seed Investments are investments in an early stage. You are to help the respective company or Startup to gain a foothold and to bring their ideas to product maturity. Often is not a large amount. The risk that the Seed Investor, however, is not exactly low. Finally, he invested in an idea than a finished product.Amato and the RGB Coin Ltd 2015 Seed investors of BitMex were now in the year. The initial Investment amounted to US $ 30,000. The Investment was tied to the fact that Amato in return to the loan/Investment, which he granted BitMex, shares of the company (engl. equity) would get. However, according to Amato, it never came to that, so it comes naturally, from today’s point of view, to an enormous financial damage for Amato, as BitMex is much more valuable than at that time.Bitcoin with up to 100x to act and sign-up bonus secure. Sign up today for free on Bybit, and secure you a Deposit bonus of up to $ 60 USD. Here you can not only rising, but also falling share prices. The registration takes 5 minutes and there is no KYC needs to be carried out. Most Bybit today and see for yourself! Sign up now for free
The current rating is in excess of 1 billion US dollars
In view of the fact, how big is the BTC Exchange BitMex is now and how much money there is to get through attacks Amato now. Because the second-largest Exchange for the crypto derivatives is now estimated at over 1 billion US dollars. If we lead ourselves to that day-to-day sums are traded in the US $ 2 billion and BitMex, of course, busy with worthy, you need to be a genius to conclude that BitMex is a true Cash Cow.As I have already indicated above, would be the initial Investment of 30k according to the initial assessment in comparison with the current value 50 million USD in value. In addition to Amato, who has also worked for JPMorgan Chase and Deutsche Bank calls for additional damages in the amount of $ 250 million. Thus, the lawsuit has a value in dispute of a total of 300 million dollars. Peanuts are not just.BitMex will be charged on a total value of 300 million US dollars. The penalty could raise the company – however, the sum is not to be underestimated. What do you think about the case?You look better Videos to read the article? Then look at our Youtube Channel over.(Image Source: Shutterstock)