In a blog post printed Thursday afternoon, Bitmex lashed out at fees that the Commodity Futures Buying and selling Fee and Division of Justice filed towards the alternate and its administration earlier immediately.

Bitmex’s assertion claimed that “From our early days as a start-up, we’ve got all the time sought to adjust to relevant U.S. legal guidelines, as these legal guidelines have been understood on the time and primarily based on out there steerage.”

What precisely “relevant U.S. legal guidelines” are will doubtless be central to the case. Bitmex has lengthy maintained that it doesn’t serve prospects within the U.S., although others earlier than the CFTC and DOJ have argued that this a lie. The CFTC’s case rests on Bitmex’s failure to register with the fee as a derivatives alternate within the U.S. 

The DOJ, then again, argues that Bitmex intentionally did not implement efficient know-your-customer and anti-money laundering packages, in violation of the Financial institution Secrecy Act. Each companies assert that Bitmex had years of warning that their operations have been unlawful.

In its submit denying the fees, Bitmex additionally assured customers that buying and selling will proceed as common. That is although the DOJ arrested at the very least one among Bitmex’s founders, Samuel Reed, earlier immediately. 

Tune in for Cointelegraph’s livestream on the Bitmex case beginning tonight at 5:00 PM EST/21:00 UTC.