“All Funds Are Safe”, BitMex Responds To CFTCs Recent Charges

By Sunil Sharma
Published October 2, 2020 Updated October 2, 2020
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“All Funds Are Safe”, BitMex Responds To CFTCs Recent Charges

By Sunil Sharma
Published October 2, 2020 Updated October 2, 2020

In response to recent charges by CFTC Bitmex has released a blog assuring traders that the funds are safe and Bitmex will continue operating as usual. Bitmex team also responded through their official twitter handle and cleared doubts regarding the withdrawals and continuity of operations.

United States CFTC & DOJ Filing

Withdrawals Will Be Released As Usual

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Stating in their blog, the team has assured the traders that the withdrawals will be released as earlier and their is no affect on day to day operations. The team also strongly condemned the charges and will be defending the allegations strongly.

To allay any potential customer concerns, pending withdrawal requests were processed at 17:45 UTC, in line with our standard procedures.

Earlier, CFTC and DOJ filed charges against owners of Bitmex Arthur Hayes, Ben Delo, and Samuel Reed for  “operating an unregistered trading platform and violating multiple CFTC regulations, including failing to implement required anti-money laundering procedures.”

CFTC revealed this via official press release and also indicted five other properties owned by owners under the violation of Bank Secrecy Act.

 

 

 

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Sunil Sharma
203 Articles
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

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