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New York Judge Rules BitMEX Co-Founder Must Face Lawsuit for Illegal Access to Customer Accounts
According to a recent ruling from a United States federal judge, derivatives exchange co-founder Benjamin Delo must answer to a class-action lawsuit. A ruling entered by New York District Judge Andrew Carter states that Delo has to face the lawsuit because he was directly involved in a scheme that manipulated prices on the exchange.
Judge Carter Refuses to Dismiss BitMEX Co-founder’s Lawsuit
Judge Carter’s ruling is a response to Delo’s filing last May, which asked for a dismissal of the case. Delo, who is a British citizen, had filed to dismiss, arguing that courts in the US do not have the required jurisdiction over him. However, the Judge refused the motion to dismiss. According to Judge Carter, “plaintiffs have sufficiently alleged that Delo has purposely availed himself of the benefits of the forum – the United States”.
In April 2020, several BitM
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