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

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Published 01 Oct, 2020 | 08:16:44 PM UTC

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

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.

Withdrawals Will Be Released As Usual

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.

Sunil Sharma

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 X at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

Published by

Sunil Sharma

Published 01 Oct, 2020 | 08:16:44 PM

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