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
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 Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.