Plaintiff Asks Courts to Preserve BitMEX Emails Held on Twilio; Potential Market Manipulation Lawsuit Evidence

The filing against BitMEX was initiated in mid-May with BMA targeting its Seychelles registered shell company, HDR Global Trading Ltd.

Bitcoin Manipulation Abatement LLC (BMA), the firm that recently filed a lawsuit against BitMEX, is pushing for more action from the court to protect potential evidence.

BMA accused BitMEX of market manipulation and non-licensed operations in the U.S; Its counsel has now asked the court to preserve BitMEX email data held on Twilio, a U.S provider for cloud services.

The filing against BitMEX was initiated in mid-May with BMA targeting its Seychelles registered shell company, HDR Global Trading Ltd. According to the submission, BitMEX used this entity as a fallback in exemption from the U.S market laws.

The complaint highlights that BMA was mocked with an ‘incorporated in Seychelles, come at me bro' meme upon requesting BitMEX's operational information.

BitMEX Emails Might Be Incriminating; BMA

In a follow up of the initial filing, BMA published another one on June 9. The plaintiff estimates that around 3,000 email records that could incriminate BitMEX are stored on Twilio, given it is the avenue used for daily communication by the firm.

Pavel Pogodin, the general counsel for BMA, has since emphasized that BitMEX went against the law as Twilio is domiciled in the U.S:

“It was a mistake for them to use the U.S. company for this purpose and claim lack of personal jurisdiction of U.S. and California courts at the same time.”

The recent filing by BMA notes that Twilio has put a temporary deletion hold on BitMEX email records up to June 15. After this, the cloud service provider will evaluate the preservation request, an outcome that might grant BitMEX permission to erase its account records. BMA, therefore, found it prudent to make a move within the few remaining days in a bid to strengthen its case against BitMEX. The filing partly reads:

“to preserve a snapshot of information, including specific user email address data, which is evidence of defendants' contacts with the forum and evidence of defendants operating an unlicensed money transmission business in the United States.”

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Edwin Munyui
Edwin Munyui
Edwin is a FinTech enthusiast with a particular interest in blockchain technology and cryptocurrencies. He has worked as an author in the blockchain space since 2017 and enjoys creating content that both crypto veterans and newbies can understand. His simple writing style and financial market knowledge have made him a reputable fundamental and technical analyst with the ability to handle any topic around blockchain and crypto over the years.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Will Emerge Stronger Out of the Ongoing Crisis: Congressman Tom Emmer

It is the fact that no one has centralized control over Bitcoin that makes it stand out in comparison to fiat currencies that are...

Coca-Cola to Utilize Baseline Protocol For Supply Chain Tracking with Exposure to DeFi

Coke One North America (CONA) has partnered with Provide and Unibright to streamline the supply chain of the largest coca-cola bottlers in the region...

USD-Pegged Cryptos & BTC Continue to Rise in Contradiction to the Falling US Dollar

The US dollar is not having a good start in the second half of 2020. The dollar index, which measures the greenback against a basket...

Coinbase Wallet Integrates Unstoppable Domains; Send Payments Via .Crypto Addresses

Coinbase Wallet, a service rendered by US based Coinbase crypto exchange is extending its support for Unstoppable Domains according to an announcement made by...

Mad Rush to BTC Coming Soon as Barstool Sports' Dave Portnoy Declares ‘I Want to Buy All the Bitcoins'

Dave Portnoy, the founder of Barstool Sports, has now turned his attention to Bitcoin as he said, "I want to buy all the bitcoins." Portnoy...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today