Cryptocurrency exchange BitMEX today partnered with Eventus Systems, a company specializing in compliance, trade surveillance and risk management, to support its “trade surveillance and anti money laundering (AML) transaction capabilities.”
“The selection of Eventus to support our critical trade surveillance and AML functions is an important part of our plans to mature our compliance capabilities, with a vision of leading the industry on best practice crypto-asset compliance,” said Malcolm Wright, chief compliance officer at 100x Group, BitMEX’s parent company.
Per the announcement, the integration of Eventus Validus technology will help improve the efficiency of the exchange’s screening process and proactive monitoring for unauthorized trading activity.
CFTC Charges Crypto Exchange BitMEX with Money-Laundering Violations
Correction: This article previously stated that the feds arrested Gregory Dwyer, when it was instead Samuel Reed. We apologize for the mistake. The Commodity Futures Trading Commission filed money-laundering and other civil charges against BitMEX for illegally operating in the U.S. today. In a separate indictment unsealed today, the U.S. Attorney for the District of New York also filed criminal actions against the exchange’s owners, Arthur Hayes, Ben Delo, and Samuel Reed, for violating the Ban...
“We’ve invested considerable resources in the past year to add functionality to support major digital asset market operators. BitMEX has taken a variety of important steps over the past year to enhance its commitment to market integrity,” said Eventus Systems CEO Travis Schwab.
He added that Eventus will now play “a critical role in helping the exchange bolster its AML and surveillance capabilities” via the Validus platform.
Bitcoin Price Breaks $16,000 in Sudden Burst Upwards
The price of Bitcoin has broken the $16,000 mark, after a quick price surge. The current price of Bitcoin is now $16,141, but it is changing rapidly. The price rise has been accompanied by a surge of volume. According to Messari, Bitcoin's trading volumes rose from $28 million to $176 million in the last two hours. 🔥🔥🔥$16,000 🔥🔥🔥 — Felix Hartmann (@FelixOHartmann) November 12, 2020 Bitcoin's price is now up 4% in the last 24 hours and 11% in the last week. It is leading the market, with...
This comes a month after the CFTC filed money-laundering and other civil charges against BitMEX for illegally operating in the US.
In a separate indictment, the U.S. Attorney for the District of New York also filed criminal actions against the exchange’s owners, Arthur Hayes, Ben Delo, and Samuel Reed, for violating the Bank Secrecy Act and conspiracy to violate the Bank Secrecy Act. The feds then arrested former BitMEX CTO Samuel Reed.
Correction: This article previously stated that the feds arrested Gregory Dwyer, when it was actually Samuel Reed.
