A lot of newfags aren't aware of BitMEX, or the sheer magnitude of the exchange pre 2020. There was a period of time where BitMEX had over 80% market share for perpetual swaps, and nearly 90% of the open interest.
A lot of the crypto market structure we have today is due to a result of realtime testing on BitMEX.
Important to celebrate the fact BitMEX has never had a major security indecent, and largely has been a net positive for Bitcoin adoption over the years!
Impossible to argue they didn't propel this industry forward!
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1/ Meet @WheresBroox (Broox Bauer), one of the multiple @AxiomExchange employees allegedly abusing the lack of access controls for internal tools to lookup sensitive user details to insider trade by tracking private wallet activity since early 2025.
@xxxmourn they monitor wallets. All casinos do (or most). It's quite obv. When I withdraw from Stake they lower my monthly and weekly quite drastically even tho my wager and PNL were the same.
@VIILines yeah, casino owners scamming each other and spreading misinformation is nothing new, aswell as scamming their own customers. Interesting read but my experience with ur 'employees' is probably the worst i have ever had since I started gambling.
Ross Ulbricht (@RealRossU) didn’t sell drugs—he built an anonymous, free, and open platform on Tor called Silk Road.
Silk Road sold apparel, art, books, collectibles, computer equipment, electronics, herbs, and yeah—drugs. But according to friends who used it, Silk Road was arguably the safest way drugs were ever sold: no street violence, no shady deals, and zero fentanyl. Everything was tested and peer-reviewed, like an Amazon for substances.
For this, the government gave him two life sentences without parole for nonviolent charges, including money laundering—just for using Bitcoin. They relied on questionable evidence and made him an example. Two FBI agents who investigated Ross? Well, a few years went to jail themselves for fraud and stealing Bitcoin from the Silk Road investigation...
So, even if you think Silk Road was problematic, you have to admit that the punishment was wildly disproportionate. This isn’t just about Ross or a marketplace—it’s about government overreach and the state’s power to crush individuals with vague laws.
Today, I’m so happy to hear Ross is free. I’ve met his mom several times—her fight for Ross’s life is an incredible story of a mother’s love. Over the past few months, I’ve been emailing with his wife, Caroline, to ensure he was fairly represented in The Big Bitcoin Book and that they got a copy.
As a developer who has worked with Bitcoin for years, this always felt personal. I didn’t build a marketplace, but it could have been me—or any of my friends—targeted by the government. Ross’s case was a warning shot at innovation, and I’ve always felt connected to him because of that.
Justice came far too late, but today I’m grateful Ross is finally free.