Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: HDR Global Trading Limited et al.
Penalty: $50,000,000
Year: 2021
Date: August 10, 2021
Offense Group: financial offenses
Primary Offense: investor protection violation
Mega-Scandal: Cryptocurrency
Violation Description: The Commodity Futures Trading Commission that the U.S. District Court for the Southern District of New York entered a consent order against five companies charged with operating the BitMEX cryptocurrency derivatives trading platform: HDR Global Trading Limited, 100x Holding Limited, ABS Global Trading Limited, Shine Effort Inc Limited, and HDR Global Services (Bermuda) Limited. The order required the BitMEX entities to pay a $100 million civil monetary penalty but provided that up to $50 million of the penalty could be offset by payments made pursuant to a Consent to Assessment of Civil Monetary Penalty entered by the Financial Crimes Enforcement Network (see separate entry).
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.