According to the Crystal Blockchain company, less than two days after the US authorities filed charges of illegal activity on BitMex, the exchange’s clients have already withdrawn more than 45 thousand bitcoins worth about $ 473 million..
On October 1, the US Commodity Futures Trading Commission (CFTC) filed a civil action against the derivatives exchange for conducting illegal transactions and violating AML / CFT regulations. Following this, the New York prosecutor’s office accused the company’s management of conspiracy and violation of the Bank Secrecy Act, arresting one of them..
Despite the fact that the exchange denied all allegations in an official statement, many users found these assurances unconvincing and began to withdraw digital assets from their trading accounts. Although BitMex still has over 120k bitcoins in custody, indicating trust from most customers.
Analysis of the transactions also showed that most of the funds were transferred to other crypto exchanges. The largest influx was felt by the Gemini, Binance, OKEx and Huobi platforms, which received a total of more than 20 thousand BTC in less than 48 hours..
BitMex Exchange Users Withdraw 45,000 Bitcoins Since CFTC Charged
The outflow of funds was followed by a decrease in BitMex activity indicators. It is not yet clear how the trial will end, but lawyers believe it is most likely that the exchange will be forced to pay several fines and reconsider its methods of operation..
text: Ivan Malichenko, photo: iStock