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BitMEX goes offline briefly due to legal problems

May 19, 2020

The main Bitcoin futures exchange (BTC), BitMEX went offline on May 19 and referred to a failure of the trading machine. The platform was not accessible for a short time and is currently online again at the time of printing.

“The BitMEX trading machine is currently down,” said the company tweeted around 12:45 UTC time.

About 25 minutes after the first announcement, Bitmex released a Updateand claims that “all funds are secure, late orders are rejected, and no billing takes place during downtime.”

BitMEX goes offline briefly due to legal problems
BitMEX goes offline briefly due to legal problems

BitMEX was online again around 13:30 UTC, initially only in abort mode. This means that no new orders could be placed at this time. At 13:40 UTC, BitMEX announced via its telegram channel that trading had resumed.

BitMEX’s recent legal problems in the United States. United States

The disruption occurred shortly after BitMEX was involved in a major lawsuit filed by BMA LLC on May 16 with the US District Court for the Northern District of California.

The plaintiff accused BitMEX’s parent company, HDR Global Trading, and top executives of the stock exchange, Arthur Hayes, Ben Delo and Samuel Reed, of Involving or inciting multiple offenses, including organized crime, money laundering, money transfer fraud, and operating an unlicensed money transfer business.