A new lawsuit has been filed against BitMEX and its founders, accusing both the exchange and its former executives of racketeering, market manipulation, and money laundering among many other charges.\u00a0 This new lawsuit has been filed by Dmitry Dolgov from Moscow, who claims that he suffered significant damages due to BitMEX\u2019s illegal activities. Dolgov is seeking to be compensated \u201cin the amount to be proven at trial,\u201d and believes he \u201cis entitled to punitive damages in the amount of $50,000,000.\u201d This new lawsuit comes on the heels of the United States Commodities Futures Trading Commission (CFTC) and Department of Justice (DOJ) pressing charges against BitMEX and its founders for running an unregistered trading platform as well as violating anti-money laundering and know-your-customer regulations, and for violating the Bank Secrecy Act, respectively. Dolgov\u2019s lawsuit supports the claims being made by the CFTC and the DOJ and even says,\u00a0 \u201cThe entire account registration and funding process takes about 10 minutes and no documents are even looked at. Understandably, because of total lack of controls of any kind, hackers, tax evaders, money launderers, smugglers, drug dealers all flocked to BitMEX flooding the platform with hot money.\u201d Ever since the CFTC and DOJ pressed charges against BitMEX and its founders, it has been all downhill for BitMEX. The end is near for BitMEX Shortly after the CFTC and DOJ pressed charges, BitMEX CEO Arthur Hayes, CTO Samuel Reed, co-founder Ben Delo, and Head of Business Development Greg Dwyer, resigned from their roles at BitMEX. CTO Sam Reed was even arrested but released just a few days later on an appearance bond. BitMEX\u2019s legal troubles even prompted the company to hire its very first chief compliance office, Malcolm Wright\u2013but will that be enough to combat the CFTC and the DOJ? At the moment, it is the United States government vs. BitMEX, and from what we know so far, there is a significant amount of evidence that indicates that BitMEX was operating in a legally-grey area. Follow CoinGeek\u2019s Crypto Crime Cartel series, which delves into the stream of groups\u2014from BitMEX to Binance, Bitcoin.com, Blockstream, and Ethereum\u2014who have co-opted the digital asset revolution and turned the industry into a minefield for na\u00efve (and even experienced) players in the market.