BitMex Onboards Eventus Systems For Trade Surveillance & Risk Management


BitMEX, one of Bitcoin’s top crypto exchanges, has partnered with the blockchain compliance centered firm Eventus Systems to make its platform AML compliant. Eventus Systems would also help in trade surveillance and risk management.

The partnership enables the crypto exchange step to become more compliant, keep an eye on fraudulent transactions, and monitor any unauthorized trading activity.

Malcolm Wright, chief compliance officer at 100x Group, BitMEX’s parent company, commented on their association with Eventus Systems and how it would help the digital asset exchange, he said,

“The selection of Eventus to support our critical trade surveillance and AML functions is an important part of our plans to mature our compliance capabilities, with a vision of leading the industry on best practice crypto-asset compliance.”

BitMEX trying to Mend its Ways After CFTC Charges

BitMEX exchange was recently in hot water after the financial watchdog CFTC filed a civil lawsuit against the exchange for money laundering and illegally operating in the US, just one month ago.

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The exchange also has dealt with the U.S. Attorney for the District of New York filing of a criminal indictment against the owners Arthur Hayes, Ben Delo, and Samuel Reed for violating the Bank Secrecy Act. The feds went on arrest the BitMEX CTO Samuel Reed.

While the BitMEX exchange is acting fast to mend its issues, it is yet to be seen whether it can bounce back to its glory days after several civil lawsuits and the indictment against the owners.



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