Bitmex Crypto Exchange Closes; Funds Left Behind Face New Account Fees
Bitmex has ended exchange operations, but users can still log in and withdraw their crypto. Balances left on the platform are now subject to account fees for users who completed…
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‘God Access’ Recycled in Another Lawsuit Against BitMEX
Just days before its closure, one of the oldest crypto exchanges, BitMEX, was hit with another lawsuit that repeats the same “God Access” theme. This time, it’s related to the…
CoinEx Calls Time After Nearly Nine Years as Crypto Market Pressure Mounts
CoinEx is preparing to shut down its platform after nearly nine years as the weakness across the crypto market has made operations increasingly difficult. The exchange said the broader industry…
Arthur Hayes Says Treasury Buybacks Mark “New Bitcoin Bull Run”
BitMEX co-founder Arthur Hayes argued in a new research note that the U.S. Treasury’s expanded bond buyback program marks the start of a fresh bitcoin bull market, as BTC trades…
BitMEX the End of an Era
On my first day, I stood in front of a shark tank while a crypto price ticker snaked along the ceiling of the entire office, and wondered where I had…
Arthur Hayes Buys $6.39 Million More ETH Despite a $301K Paper Loss: Here’s What He’s Betting on
Former BitMEX CEO Arthur Hayes bought another $6.39 million in ether (ETH), pushing his total purchases to 7,213 ETH even though the position sits roughly $301,000 underwater. The Maelstrom chief…
BitMEX, BitMart, and More: Are Exchange Shutdowns a Sign the Bear Market Is Ending?
The cryptocurrency market has been stuck in a prolonged bear market for several months, while in the last few days, some well-known exchanges announced they will shut down operations. This…
Another Major Crypto Exchange Is Shutting Down After BitMEX
Unlike the previous major bear market in which numerous cryptocurrency exchanges reduced their staff number, the current cycle turned out to be more violent and requires a different sort of…
BitMEX Hit With 623 BTC Lawsuit After Announcing Shutdown
BKX Services Inc. and David Namdar have filed a class action lawsuit against BitMEX. The plaintiffs accuse the exchange of market manipulation and misappropriating nearly 623 BTC due to forced…
Exploiting Private Data: Lawsuit Claims BitMEX Used ‘God Access’ to Force Customer Liquidations
The complaint, which includes former BitMEX CEO Arthur Hayes and former CTO Samuel Reed as defendants, alleges that the exchange operated a fraudulent scheme from an insider desk managed by…
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