BitMEX co-founder Ben Delo faces a class-action lawsuit over alleged market manipulation, with a U.S. judge ruling that he played a central role in designing a liquidation system that allowed the exchange to profit from the scheme.
The BitMEX co-founder must face the lawsuit accusing him of trading manipulations that allowed the exchange to profit from liquidations.
BitMEX co-founder Ben Delo faces a class-action lawsuit alleging his involvement in a price manipulation scheme
BitMEX co-founder Ben Delo is set to face a class-action lawsuit following a ruling by a United States federal judge. BitMEX is under fire for using a scheme that allowed prices on the exchange to be manipulated, with Delo being alleged as key in such manipulation.
District Judge Andrew Carter said Benjamin Delo “was central” to an alleged scheme to use customer information to manipulate prices on the exchange.
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