District Judge Andrew Carter said Benjamin Delo “was central” to an alleged scheme to use customer information to manipulate prices on the exchange.
Delo, a British citizen, had asked to dismiss the suit last May, claiming U.S. courts have no jurisdiction over him — but New York District Court Judge Andrew Carter shot that down in an order signed on April 3 and published on April 8. District Judge Andrew Carter said Benjamin Delo “was central” to an alleged scheme to use customer information to manipulate prices on the exchange.
The order stated Delo “was central” to alleged manipulation efforts and “conceived of and designed” a liquidation system allowing BitMEX “to profit from the manipulation.”The trio used customer information to determine which market moves would liquidate the highest number of users — which would net the exchange a profit — and would conduct trades to make that happen, the lawsuit claimed.
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