BitMEX – one of the world’s largest and most popular cryptocurrency exchanges – and its founder Arthur Hayes have been slapped with a $300 million lawsuit, according to a report by Bloomberg. Frank Amato and RGB Coin Ltd allege to have been the first seed investors in the platform back in 2015. They claim their $30,000 investment was supposed to have been converted into equity. This conversion is now valued at more than $50 million, according to reports. The suit claims neither party has been granted the equity. Amato also alleges that BitMEX provided him with false information. The parties are seeking to recoup both the current value of their equity alongside $250 million in punitive damages. Based on the

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