Cryptos Crash After BitMEX Founders, Execs Face CFTC Charges (Gold And Iron Ore Up, Oil Down)

by confoundedinterest17

Washington, D.C. — The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the U.S. District Court for the Southern District of New York charging five entities and three individuals that own and operate the BitMEX trading platform with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to implement required anti-money laundering procedures. This case is brought in connection with the Division of Enforcement’s Digital Asset and Bank Secrecy Act Task Forces.

At least gold is up today. And iron ore is up 2.79%.

Oil? Boom!!