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BitMEX
P2P crypto trading platform
- Category:
- Blockchain
- Country:
- Seychelles
- Founded:
- 2014
- Cause of Failure:
- Alleged fraud and insider trading
- Outcome:
- Shutdown
- Shut Down in:
- July 2026
- Founders:
- Arthur Hayes, Ben Delo, Samuel Reed
- Number of Founders:
- 3
- Number of Employees:
- 101-250
- Funding Amount:
- $25.00 K
- Last Funding Round:
- Seed
- Notable Investors:
- SOSV, Orbit Ventures, Chinaccelerator, G and M Capone Trust
About BitMEX
BitMEX is a peer-to-peer platform for trading crypto products. It and the mobile apps branded under BMEX are fully owned and managed by HDR Global Trading Limited, a company incorporated in Seychelles, or its authorized affiliates.
What went wrong?
BitMEX is facing a $40 million class action lawsuit over allegations of fraud and insider trading, which appears to be the primary driver behind its decision to shut down after eleven years.
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