Minority BitMEX Owner Wants Out Of CFTC Suit

By Sarah Jarvis (September 20, 2021, 8:51 PM EDT) -- A minority owner of BitMEX has asked a New York federal judge to dismiss him from a suit brought by the U.S. Commodity Futures Trading Commission, saying there are no individualized allegations showing he had the power to control the offshore cryptocurrency derivatives exchange.

Ben Peter Delo, a British citizen living in Hong Kong, said in a Friday memorandum supporting his motion to dismiss that the CFTC's complaint groups him together with his co-founders to make generic claims of control, which he said courts "routinely reject."

"When the allegations now before the court are examined critically against the background of key...

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