Cryptocurrency exchange BitMex faces $300m lawsuit

Cryptocurrency exchange Bitcoin derivatives trading platform BitMex finds itself in a tight spot as one of its early investors and former JPMorgan trader, Frank Amato, slaps the exchange giant with a whopping three hundred million US dollars ($300 million) lawsuit. It seems that BitMex has found itself amid yet another controversy. Not so long ago, the company received flak from the US regulators for engaging in business with US customers without approval. Moreover, the allegations made by the celebrated economist Nouriel Roubini for facilitating money laundering activities and finding ways to circumvent the audit put the company in the wrong