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One of BitMEX’s security features at one point (if memory serves) was that one (or more) of the principals had to review/approve withdrawals daily. That is likely difficult for them to do from prison or while being detained pending trial or extradition. BitMEX is probably not a great place to have assets that you need access to any time soon right now.


Withdrawals will likely still go out: the incapacity of 1 in 4 founders do not stop the multisig from being signed.


They're all located in countries that hold no extradition treaty with the United States iirc.


CTO was arrested in Massachusetts


Was that Sam Reed? Damn.

I wonder if the fact that he continually provoked trump... while running an illegal exchange... from within the united states... had anything to do with the charges today? [0]

[0] https://twitter.com/strml_?lang=en


First paragraph of TFA: "REED was arrested in Massachusetts this morning"


Unlikely that contributed anything, however, if BitMEX donated to Trump's campaign or stayed at Trump properties, I wouldn't be surprised if this indictment would've never saw the light of day.


Hi Ido :-)

They still do that, I can confirm.




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