Arthur Hayes, BitMEX co-founders face fraud claims over alleged ‘Insider Trading Desk’ as exchange winds down

60-second summary

BitMEX co-founders Arthur Hayes, Samuel Reed, and Benjamin Delo face a proposed class action alleging insider trading and deliberate server freezes. The lawsuit claims the trio operated an 'Insider Trading Desk' to profit from non-public information. BitMEX is currently winding down operations, and this lawsuit adds to the regulatory scrutiny surrounding the exchange, potentially impacting its planned exit.