If it’s as the plaintiffs represent, I agree that’s pretty damning. Is it known, aside from the complaint itself, that the plaintiffs are telling the truth and the whole truth? Don’t suppose you have a link to the meme taunt?
Yes, it’s in the complaint, here’s a screenshot (where the CEO also talks about it being easier to bribe officials in the Seychelles with “a coconut”: https://i.imgur.com/qd6X4LC.png
I don’t know anything about the plaintiffs, but I assume BitMEX’s lawyers certainly thought a jury would find them credible, and that’s why they decided to settle for $44M.
Okay; I agree then that it’s reasonable to say of Ben Delo that Hayes and cofounders were accused of trying to defraud two early investors, that Ben Delo is accused of taunting them with a meme, and that they settled out of court.
I do note that this is pretty different from what Vaughan was previously accusing Delo of, which sounded pretty plausibly like a “victimless crime”.
Again, that’s just one of the civil suits. They settled that civil suit, were found liable in another, and Delo also pleaded guilty to federal charges after BitMEX was used to launder stolen crypto.
Not good! And if that’s the person you’ve been publicly celebrating for contributing to your org, it’s not permissible to sweep it under the rug afterwards just because it’s not as high profile as something like, say, SBF’s fraud.
I don’t, in fact, take federal charges like that seriously—I view it as a case of living in a world with bad laws and processes—but I do take seriously the notion of betraying an investor’s investment and trust.
If it’s as the plaintiffs represent, I agree that’s pretty damning. Is it known, aside from the complaint itself, that the plaintiffs are telling the truth and the whole truth? Don’t suppose you have a link to the meme taunt?
Yes, it’s in the complaint, here’s a screenshot (where the CEO also talks about it being easier to bribe officials in the Seychelles with “a coconut”: https://i.imgur.com/qd6X4LC.png
I don’t know anything about the plaintiffs, but I assume BitMEX’s lawyers certainly thought a jury would find them credible, and that’s why they decided to settle for $44M.
Okay; I agree then that it’s reasonable to say of Ben Delo that Hayes and cofounders were accused of trying to defraud two early investors, that Ben Delo is accused of taunting them with a meme, and that they settled out of court.
I do note that this is pretty different from what Vaughan was previously accusing Delo of, which sounded pretty plausibly like a “victimless crime”.
Again, that’s just one of the civil suits. They settled that civil suit, were found liable in another, and Delo also pleaded guilty to federal charges after BitMEX was used to launder stolen crypto.
Not good! And if that’s the person you’ve been publicly celebrating for contributing to your org, it’s not permissible to sweep it under the rug afterwards just because it’s not as high profile as something like, say, SBF’s fraud.
I don’t, in fact, take federal charges like that seriously—I view it as a case of living in a world with bad laws and processes—but I do take seriously the notion of betraying an investor’s investment and trust.