Email Records Prove Illegal Operations

Colin Baseman

BitMEX does not seem to be taking the plaintiff seriously. The company taunts him and states that it is not scared of accusations. The crypto community keeps track of the lawsuit that the plaintiff brought against BitMEX. The man asked the judge to preserve several thousand email records since they could easily prove that the operations performed on the exchange were illegal.

He hopes that the American system and the court will not ignore his requests and resolve the issue.

The plaintiff in a lawsuit is accusing the exchange and claims he has all to prove that their market manipulations were illegal and the company is operating without having obtained the required certification and licensing. The exchange has no right to provide its services to U.S. citizens. More than that, according to the sources, Twilio has a great number of email records he can use to show how illegal operations were performed on the exchange.

The authorities and official representatives of the company have asked the judge to preserve all email records and data related to BitMEX. It can be found and retrieved from Twilio – the American cloud communications platform. The worst part is that everybody understands that BitMEX can remove all these records from their system if there is no order from the authorities.

BMA decided that the best way to resolve the problem is by filing a complaint. They did it last month and accused the exchange’s parent company known as HDR Global Trading Ltd. The issue is that the latter is widely manipulating the crypto community and helps various individuals to perform illegal operations in the USA. The company itself, according to the plaintiff, is running an illegal business related to the unlicensed transmission of funds.

The Plaintiff Requests to Preserve Records

BMA is doing all possible to make the exchange preserve email records. The failing was published yesterday. The documents show that BMA knows how many email records Twilio may hold. All in all, there are currently over thirty thousand emails and all of them pertain to the exchange’s operations.

Pavel Pogodin is the general counsel of BMA. He takes an active part in the process and says that the crypto exchange employs Twilio to keep in touch with all its customers and communicate with people every day.

BitMEX’s representatives use Twilio to store a database of the users’ email addresses. All of these users are active customers of the exchange. According to Pogodin, they should not have used the American company’s services for their purposes. He also adds and mentions the team lacks the personal jurisdiction of the USA as well as courts located in California.

The trading is located in the Seychelles and is known as a shell firm. The representatives claim that the accused exchange is not subject to the U.S. law system. The filing, at the same time, claims that the company does not take their complaints seriously – BitMEX response included a meme with humorous yet rather taunting. BMA considers their response cynical and mentions that the exchange might avoid punishment thanks to the holding being licensed outside the USA.

The Crypto Exchange and Its Illegal US Operations

BitMex is accused and suspected of performing thousands of unlicensed US transmissions. The filing announces that BMA would like the law system to make the company preserve snapshots of data. This would also include some certain customers’ email addresses. There is plenty of evidence and proof that the defendant kept in touch with many participants, helped them transfer funds, and corresponded with them via forums.

Twilio has lately applied a temporary deletion hold on the exchange’s account. This will last up to June 15. The time is required for the team to evaluate BMA’s request to preserve data. Afterward, the exchange may decide to delete all data from Twilio.

The press reports that defendants are not acknowledged. The company gave a relatively evasive response and it is not yet clear whether they will agree to preserve the information. The filing contains details regarding money laundering performed on the exchange. Also, there was wire fraud. The representatives are said to have violated money transmission. The list of illegal activities seems to be endless and the plaintiff is sure that the exchange will try its best to avoid punishment from the official authorities.