Bitcoin Exchange BitMEX Adds Trade Surveillance Monitoring


Cryptocurrency exchange BitMEX today partnered with Eventus Systems, a company specializing in compliance, trade surveillance and risk management, to support its “trade surveillance and anti money laundering (AML) transaction capabilities.”

“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,” said Malcolm Wright, chief compliance officer at 100x Group, BitMEX’s parent company.

Per the announcement, the integration of Eventus Validus technology will help improve the efficiency of the exchange’s screening process and proactive monitoring for unauthorized trading activity.

“We’ve invested considerable resources in the past year to add functionality to support major digital asset market operators. BitMEX has taken a variety of important steps over the past year to enhance its commitment to market integrity,” said Eventus Systems CEO Travis Schwab.

He added that Eventus will now play “a critical role in helping the exchange bolster its AML and surveillance capabilities” via the Validus platform.

This comes a month after the CFTC filed money-laundering and other civil charges against BitMEX for illegally operating in the US.

In a separate indictment, the U.S. Attorney for the District of New York also filed criminal actions against the exchange’s owners, Arthur Hayes, Ben Delo, and Samuel Reed, for violating the Bank Secrecy Act and conspiracy to violate the Bank Secrecy Act. The feds then arrested former BitMEX CTO Samuel Reed.

Correction: This article previously stated that the feds arrested Gregory Dwyer, when it was actually Samuel Reed.



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