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The Recent BitMEX Scandal and Zeabit as The Better Exchange Alternative

Published

5 years ago

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If you have been keeping up with the crypto news, you have heard of the BitMEX scandal. If you are yet to hear about the scandal, then you are reading the right article.

The BitMEX Scandal

The Federal government recently filed civil and criminal charges against BitMEX and four of its top executives.

  1. The U.S CFTC filed civil charges against BitMEX and its affiliates claiming that the company operated an unregistered trading platform. It was also accused of failing to implement anti-money laundering controls such as checking the identities of the service traders.
  2. The New York federal prosecutors filed parallel criminal charges against BitMEX CEO Arthur Hayes, co-founder Benjamin Dalo, Chief technology officer Samuel Reed, and Gregory Dwyer who is the head of business development.
  3. Similarly, the government alleged that the executives had failed to establish anti-money laundering practices like collecting user identity information and reporting suspicious transactions, required under the Bank Secrecy Act. According to prosecutors, the charges are punishable by up to five years in prison.

The charges which immediately disrupted a key component of the global cryptocurrency market sent most cryptocurrencies into an immediate selloff.

Within two hours of becoming public, the price of Bitcoin dropped more than 3%.

BitMEX founders are stepping down from their executive roles following the exchange being charged with illegal conduct.  Last Thursday, 100x announced that founders Arthur Hayes and Samuel Reed stepped back from all executive management responsibilities for their respective CEO and CTO roles with immediate effect. Vivien Khoo, currently a chief operating officer of 100x Group, will become Interim CEO, while Ben Radclyffe, commercial director, will take on a supporting role with greater management of client relationships and oversight of financial products.

The scandal has had a serious effect on the platform. Not only has it led to huge losses, but it has also caused many of the investors to move to other exchange platforms because of the lack of trust.

Zeabit as The Better Exchange Option

With one of the biggest exchange platforms being in such a mess, it is only natural for crypto investors to look for alternative exchange platforms. People are beginning to explore exchanges they had overlooked before and the remaining part of this article introduces an outstanding exchange platform.

Zeabit I an exchange platform that allows quick and secure at the best rates on the market.

  1. Some of the coins supported by the platform include:
  • Bitcoin
  • Litecoin
  • Dashcoin
  • Qturn
  • Ethereum
  • Tether
  • Bitcoin Cash
  • Monero
  1. Getting started

It is very easy to get started on Zeabit, you follow three simple steps that will only take you a couple of minutes. The steps are as follows:

  1. Create an account
  2. Deposit your funds
  3. Start buying and selling
  4. Benefits of trading on Zeabit
  5. Secure storage – a vast majority of their digital assets are stored in secure offline storage
  6. Protected by insurance – All cryptocurrencies stored on their servers are stored by their insurance policy
  7. Extensive support – they support many of the popular digital currencies.
  8. Portfolio features

Create your Zeabit portfolio today and enjoy some of the following outstanding features.

  • Trading and managing several cryptocurrencies on a central platform
  • Determining the frequency and details of all purchases
  • Extremely high-security levels – your funds are stored in a vault with time delayed withdrawals
  • 100% compatibility with all types of devices and browsers

Conclusion

When it comes to crypto trading, customer safety and security are non-negotiable. Zeabit gives you 100% responsiveness, accessibility from and browser, and saves you the installation hustle. To check zeabit just acess zeabit.com

This is a Paid Press Release.

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Press Release

RD Technologies Participates as Co-organizer at Hong Kong Web3 Festival 2026

Published

4 hours ago

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March 12, 2026

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Hong Kong, 12th March 2026, Hong Kong Web3 Festival 2026 is honored to welcome RD Technologies as a Co-organizer.

RD Technologies deploys innovative technologies to build a business world interconnected by trust. More: https://rd.group

The Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto conference since 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

Hong Kong Web3 Festival 2026 will take place from April 20 to 23 at Hong Kong Convention and Exhibition Centre. The previous three editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Web3 Festival 2026 ultimately will have up to 400 speakers representing all aspects of Web3 and crypto on its stages. It has also attracted registrations from nearly 1000 executives and corporate decision-makers in traditional finance and real economies. This enables the conference to be a high-level platform for in-depth dialogues and high-value connections.

As Asia’s premier crypto event, Web3 Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities.

Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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Press Release

Finanx AI Announced as Platinum Sponsor at Hong Kong Web3 Festival 2026

Published

1 day ago

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March 11, 2026

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Hong Kong, 11th March 2026, Hong Kong Web3 Festival 2026 is thrilled to welcome Finanx AI as a Platinum Sponsor.

Finanx AI is an AI-driven trading platform that utilizes artificial intelligence to optimize investments through automated trading. Learn more: https://finanx.ai

Hong Kong Web3 Festival 2026 will take place from April 20 to 23 at Hong Kong Convention and Exhibition Centre. Co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, it’s considered as Asia’s premiere crypto conference. The previous three editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Web3 Festival 2026 ultimately will have up to 400 speakers representing all aspects of Web3 and crypto on its stages. It has also attracted registrations from nearly 1000 executives and corporate decision-makers in traditional finance and real economies. This enables the conference to be a high-level platform for in-depth dialogues and high-value connections.

As Asia’s premier crypto event, Web3 Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities.

Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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Press Release

Anubis Chain Announced as Primary Exhibition Sponsor for Hong Kong Web3 Festival 2026

Published

3 days ago

on

March 9, 2026

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Hong Kong Web3 Festival 2026 is proud to announce that Anubis Chain has officially joined as a Primary Exhibition Sponsor. This partnership marks an exciting milestone for both organizations and further cements the Festival’s position as the most anticipated blockchain and crypto gathering in Asia. As the Web3 industry continues to evolve at a remarkable pace, collaborations like this one help signal the direction the space is heading — and the communities that are leading the charge.

Anubis Chain brings a compelling and differentiated offering to the table. It is an EVM-compatible Layer-1 blockchain built with selective privacy at its core — a feature that speaks directly to one of the most pressing conversations happening across the crypto and enterprise blockchain world today. As regulators, institutions, and builders wrestle with how to balance transparency with confidentiality, Anubis Chain offers a practical, developer-friendly solution. Being EVM-compatible means that builders can hit the ground running without abandoning the tooling and ecosystems they already know, while still gaining access to privacy features that most Layer-1 networks simply don’t offer out of the box.

About Hong Kong Web3 Festival 2026

The Hong Kong Web3 Festival is not just a conference — it is a convergence point for some of the most influential voices shaping the future of decentralized technology. Co-hosted by Wanxiang Blockchain Labs and HashKey Group, and organized by W3ME, the Festival has grown into Asia’s premier crypto event since its inaugural edition in 2023. Each year, it brings together a diverse mix of visionaries, entrepreneurs, regulators, investors, and developers to engage in honest, forward-looking conversations about where the industry is going.

The 2026 edition will take place from April 20 to 23 at the Hong Kong Convention and Exhibition Centre. Over the past three editions, the Festival has welcomed more than 350 exhibitors and upwards of 1,200 speakers, accumulated a remarkable 100,000 visitors in total, and catalyzed over 400 diverse side events. These numbers tell a story of an event that has truly resonated with the global Web3 community.

This year’s event is set to build on that momentum in a big way. Web3 Festival 2026 will feature up to 400 speakers representing a wide cross-section of the crypto and blockchain ecosystem — from DeFi pioneers to NFT innovators, from Layer-2 architects to policy experts. What makes this event particularly special is its ability to attract not just the native crypto crowd, but also nearly 1,000 executives and corporate decision-makers from traditional finance and the real economy. That combination creates an environment where ideas move beyond conversation and into action.

Why Hong Kong, Why Now

The choice of Hong Kong as home for this event is no accident. The city occupies a genuinely unique position in the global financial and technological landscape — serving as a bridge between the vast market potential of Mainland China and the broader international Web3 ecosystem. Hong Kong’s progressive regulatory stance, its deep pool of institutional capital, and its reputation as a global financial hub all make it an ideal environment for conversations that matter. The Festival leverages this positioning to offer attendees something rare: first-hand insights into both Eastern and Western developments in the crypto world, all under one roof.

For Anubis Chain, sponsoring this event represents more than just brand visibility. It is an opportunity to engage directly with the builders, investors, and institutions who are actively shaping the next chapter of Web3. It is a chance to demonstrate, in one of the most dynamic and forward-thinking cities in the world, that selective privacy on a Layer-1 blockchain is not a niche feature — it is the kind of infrastructure that the next generation of decentralized applications will be built on.

As the Web3 space continues to mature, events like the Hong Kong Web3 Festival serve an increasingly important role. They are not just networking opportunities — they are the places where the industry takes stock of where it has been and decides, collectively, where it wants to go next. With Anubis Chain joining as a Primary Exhibition Sponsor, Web3 Festival 2026 adds another layer of depth to an already remarkable gathering. We look forward to welcoming the Anubis Chain team to Hong Kong in April and to the conversations, partnerships, and breakthroughs that will no doubt emerge from this collaboration.

The Hong Kong Web3 Festival 2026 continues to welcome forward-thinking partners who share a commitment to building a more open, innovative, and connected digital future. If your organization is interested in being part of this journey, we encourage you to explore the partnership opportunities available.

Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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