NewsletterBreaking: Bitcoin Exchange BitMEX Down For Unknown Reasons
In news just in, top crypto futures exchange, BitMEX, website, and API platform is down with the cause of the downtime announced to be due to maintenance. The exchange is facing a 500 Internal Server Error, which is very general HTTP status means that something has gone wrong with the server.
However, this unscheduled maintenance leaves a number of users on the platform aghast on what is happening on the exchange.
The top futures exchange is yet to find out the root cause of the downtime faced but has their team working on putting the exchange back online. The team release read,
“The Trading Engine is currently offline. We’re working to bring it back online as soon as possible. Further updates to follow shortly. We apologize for any inconvenience this may be causing. We are looking into the cause of this issue, and will be sharing an update as soon as possible. If you have any further questions, please contact us via https://www.bitmex.com/app/support/contact.”
The exchange recently faced a shutdown, on Mar. 12 during the collapse of BTC/USD price to $3,800 with a number of short investors claiming to have lost their investments.
A statement released on May 9, 2020, two days before the Bitcoin halving, the BitMEX team stated that users may face slower transactions on the platform as the miners adjust to the new revenue structure. However, this current failure is an internal failure that is quickly becoming a trend across exchanges with Coinbase also recently facing an hour-long system failure.
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