BitMEX Just Killed the Trade That Changed Crypto Forever
BitMEX settled XBTUSD on September 16, ending the Bitcoin contract that every major crypto exchange rebuilt as its own.
BitMEX settled XBTUSD on September 16, ending the Bitcoin contract that every major crypto exchange rebuilt as its own.

Just days before its closure, one of the oldest crypto exchanges, BitMEX, was hit with another lawsuit that repeats the same “God Access” theme. This time, it’s related to the collapsed crypto giant Celsius and is filled with accusations based “on information and belief.” In short, on Sept. 12, Blockchain Recovery Investment Consortium (BRIC), a […]

A $495M lawsuit against BitMEX by Celsius debtors concerns trades that CEO Alex Mashinsky claimed never happened.

The Celsius estate alleges BitMEX wrongfully liquidated and seized 6,360 BTC, worth nearly $490 million, during the March 2020 market crash.

Celsius Network’s bankruptcy estate has sued BitMEX for the return of 6,360.17 Bitcoin, worth about $495 million, over forced liquidations carried out during the March 2020 COVID market crash. The complaint, filed on Sep. 12 in the U.S. Bankruptcy Court…

Celsius sues five BitMEX entities for 6,360 Bitcoin lost in the 2020 crash, days before the exchange shuts trading.

Celsius' lawsuit against BitMEX could set a precedent for challenging exchange liquidation practices, impacting future crypto market regulations.

Celsius Network’s bankruptcy estate has sued BitMEX over a 2020 liquidation cascade it says cost more than 6,360 Bitcoin. The complaint, filed Sept. 12 in the US Bankruptcy Court for the Southern District of New York, accuses entities behind the crypto derivatives exchange of fraud, market manipulation and wrongful liquidations during Bitcoin’s historic March 2020 […]

CoinEx joins BitMart and BitMEX among established exchanges closing this year.

Ben Delo, co-founder of the crypto exchange BitMEX, and Christopher Harborne, a Tether investor, have pledged to donate 72 million pounds ($97.44 million) to Reform UK as Parliament debates a ban on crypto-based political donations. Reform UK Rakes In 72 Million Pounds From Crypto Millionaires Reform UK, the far-right political party, has received donation pledges […]

Ben Delo, co-founder of BitMEX, donated almost $50 million to Nigel Farage’s Reform UK party.

The UK's right-wing Reform Party has now received a total of £8M from pardoned BitMEX founder Ben Delo.

Two April payments supplied three-quarters of the party's donations for the quarter, where the next largest single gift was £180,000.
Ben Delo's £4 million supplied 72% of Reform UK's Q2 donations, Electoral Commission records show, as BitMEX prepares to close.

BitMEX co-founder Ben Delo has supplied £4 million ($5.4 million), or about 75%, of the £5.3 million raised by Reform UK during the second quarter of 2026. Ben Delo supplied most of Reform UK’s Q2 funding Electoral Commission records published…

The UK political party and its leader, Nigel Farage, have accepted contributions from figures tied to the crypto industry, raising questions about potential influence on policies.

Bitcoin has stalled around $80,000 for much of this week, and Arthur Hayes believes that pause alone is enough to break Strategy’s decade-old bitcoin playbook. The BitMEX co-founder argues Michael Saylor is now boxed into three uncomfortable choices, and none of them are free. The Premium Problem For years, Strategy Inc. (Nasdaq: MSTR) traded like […]

New positions stop at 04:00 UTC, while the exchange gains discretion to close existing trades before Sept. 23.

BitMEX co-founder Arthur Hayes argued in a new research note that the U.S. Treasury’s expanded bond buyback program marks the start of a fresh bitcoin bull market, as BTC trades above $80,000 for the second day running. Buybacks, Yields and Bitcoin Price’s Rally Arthur Hayes, the BitMEX co-founder and Maelstrom Chief Investment Officer, released a […]