Racketeering Suit Rewrite Bid Shows 'Bad Faith,' BitMEX Says

Law360 (October 23, 2020, 10:11 PM EDT) -- The offshore company that owns the BitMEX cryptocurrency exchange told a California federal judge Thursday that he shouldn't let traders rewrite their lengthy suit alleging the company and BitMEX's co-founders engaged in a vast racketeering and market-manipulation scheme.

In their opposition brief, HDR Global Trading Ltd., the company that owns BitMEX, HDR's alleged "U.S.-based alter ego" ABS Global Trading Ltd., and BitMEX's self-described co-founders, Arthur Hayes, Ben Delo and Samuel Reed asked U.S. District Judge William H. Orrick not to let BMA LLC and traders Yaroslav Kolchin and Vitaly Dubinin file another revision of their already-amended suit.

"Plaintiffs' conspicuous refusal to...

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