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David Quest QC (instructed by Eversheds Sutherland (International) LLP ) for the Second Defendant
I direct that pursuant to CPR PD 39A para 6.1 no official shorthand note shall be taken of this Judgment and that copies of this version as handed down may be treated as authentic.
                  These are stakeholder proceedings brought by the Claimant (� HDR �) under CPR Part 86 in relation to an account (� the Account �) opened on HDR�s cryptocurrency derivatives exchange and trading platform in the name of the First Defendant (� Mr Shulev �).
                  HDR is a company incorporated in the Republic of Seychelles.� It operates a cryptocurrency derivatives exchange and trading platform under the name BitMEX (� Bitmex �).
                  The Second Defendant (� Nexo �), a Cayman Islands company, is part of the Nexo group of legal entities which operate the cryptocurrency-backed lending platform � nexo.io �, cryptocurrency exchange and wallets.
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Common Room
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