One of the first investors of BitMEX, who claimed that he was not entitled, sued his company and founder Arthur Hayes.
According to the news in Bloomberg, BitMEX, one of the world’s most popular crypto currency exchanges, and its founder Arthur Hayes faces a $ 300 million case.
Frank Amato and RGB Coin Ltd. claim that BitMEX was the first seed investor in 2015.
Allegedly, Amato had invested $ 30,000 in BitMEX, and the value of this investment was supposed to be over $ 50 million at the moment, but it didn’t qualify. The other $ 250 million is demanded from the crypto currency derivatives exchange as criminal compensation.
BitMEX, with its legal headquarters in Seychelles, is currently estimated to be worth around $ 1 billion.
The last quarter of 2019 is not good for BitMEX. The company came up with a major email leak in November. In the event, the stock market sent a general email to its users, including the open email addresses of other users.