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Derivatives exchange BITMEX is facing yet another lawsuit, after a Romanian citizen filed a complaint on Nov.13 against parent company HDR Global Trading Limited.
- Paun Gabriel-Razvan, a Romanian citizens from Bucuresti, filed the lawsuit in the Northern District of California, alleging money laundering, racketeering and market manipulation
- The lawsuit has also filed a case against founders and executives of the company, including co-founders Arthur Hayes, Ben Delo and Samuel Reed
- The complaint alleges that Gabriel-Razvan was defrauded out of 247.94 BTC -- he is seeking punitive damages of 3 times this amount (worth $12.6 million) plus additional expenses
- In Oct. 2020, a Russian citizen by the name of Dmitry Dolgov also filed a lawsuit against the exchange, and is represented by the same attorney, Pavel Pogodin of Consensus Law
- The exchange is currently involved in high-profile two lawsuits from the US CFTC and the NY Attorney’s office
- BitMEX has brushed aside the allegations, accusing Pogodin of filing ‘copy and paste’ complaints; in order to combat complaints concerning KYC/AML, the exchange pulled forward its deadline for related requirements
