BUSINESSMay 3 · 16:26 UTCR/CRYPTOCURRENCY/u/Nomadictionnn

Story from 2020, is bitmex safe or nah?

The 2020 BitMEX case involved a $100M CFTC settlement for operating unregistered derivatives and lacking AML controls. BitMEX implemented KYC, paid the fine, and continued operations without customer fund losses. The article contrasts this with Bybit's 2025 'North Korea' hack, questioning how such incidents shape platform perceptions.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

BitMEXorganizationCFTCorganizationBybitorganizationNorth KoreaplaceKYC (Know Your Customer)topic$100 million settlementtopicAML (Anti-Money Laundering) controlstopic

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