The blows continue … More than 420 million dollars of bitcoin exit from the BitMEX platform
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Answer The blows continue … More than 420 million dollars of bitcoin exit from the BitMEX platform
Bitcoin continued to exit cryptocurrency exchange BitMEX on Friday afternoon as traders continued to withdraw their cryptocurrency from the world’s fifth largest crypto derivatives exchange.
The move follows a series of charges brought against the company by federal prosecutors in New York and the CFTC.
Updated figures from analytics firm Glassnode show that traders have withdrawn nearly double the amount disclosed earlier this morning.
The total amount logged off the platform has reached nearly 40,000 bitcoins since the charges were announced on Thursday.
Meaning roughly $420 million out of bitcoin at today’s prices.
Glassnode previously announced that about 23,200 bitcoin ($243 million) was withdrawn from BitMEX in one hour, which the data company described as the largest outflow they had seen so far.
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# bitcoin Outflows from BitMEX addresses continue – our data shows that in the past hour another 7,200 BTC has been withdrawn.
The total amount withdrawn from the exchange over the past day is now nearly 40,000 BTC dollars.
Live graph: pic.twitter.com/i0jtdjBtqG
– glassnode (glassnode) October 2, 2020
According to Glassnode, about 170,000 bitcoins, or $1.8 billion, are held in BitMex wallets.
In addition to all of the above, open positions on Bitcoin futures contracts on BitMEX have received a 20% drop, according to data from Analytics firm Skew, since the indictment came out.
BitMEX Update: XBTUSD Rate Dropped 20% Since News broke pic.twitter.com/FfodVMlyT4
– skew (skewdotcom) October 2, 2020
As a reminder, a list of indictments has been brought against the founders of “BitMEX”, which are “Haise”, “Benjamin Delow”, and “Samuel Reed”, in addition to the CEO, “Gregory Dwyer”, on charges of violating the Banking Secrecy Act by failing to implement appropriate provisions to combat money laundering. .
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Reed was arrested in Massachusetts.
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Federal prosecutors in Manhattan on Thursday also charged BitMEX executives with conspiring to violate the Bank Secrecy Act by failing to implement an appropriate anti-money laundering program.
The CFTC accused in a civil complaint that BitMEX is an unregistered trading platform as well as failing to implement anti-money laundering measures.
BitMEX denied the accusations Blog It was published on Thursday and vowed to vigorously defend the allegations in court.
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