Shine Effort Inc. Limited

Public Notice by FinCEN that it has imposed a fine of $100 million on HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, ABS Global Trading Limited, of Delaware; Shine Effort Inc. Limited, of Hong Kong, and HDR Global Services (Bermuda) Limited, of Bermuda, d.b.a. BitMEX, described as "a convertible virtual currency derivatives exchange".

The CFTC has sued eight companies and individuals in or from Bermuda, Hong Kong, Seychelles, United Kingdom, and the United States, alleging they operated a cryptocurrency derivatives platform without being registered.

Complaint for alleged unregistered activity by a self-described "world's largest cryptocurrency derivatives platform in the world with billions of dollars' worth of trading each day" in Commodity Futures Trading Commission v. HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, of Bermuda; ABS Global Trading Limited, of Delaware; Shine Effort Inc. Limited, of Hong Kong; HDR Global Services (Bermuda) Limited, of Bermuda, all d.b.a. BitMEX; Arthur Hayes, described as a citizen of the United States residing in Hong Kong; Ben Peter Delo, described as a citizen of the United Kingdom residing in Hong Kong, and Samuel Reed, described as a U.S. citizen who resided in Milwaukee, WI, and Boston, MA, during the relevant period, at the U. S. District Court for the Southern District of New York.