100% agree with what @Febo said the only one who is going to get hurt are small scale investors, I say that because I really think the recent dump in BTC price is because of this news (my opinion). This news triggered a lot of SLs tonight lol
Yea a lot of rekt investors. Official Bitmex announcmet:
“We strongly disagree with the U.S. government’s heavy-handed decision to bring these charges, and intend to defend the allegations vigorously. From our early days as a start-up, we have always sought to comply with applicable U.S. laws, as those laws were understood at the time and based on available guidance.”
In the meantime, the BitMEX platform is operating entirely as normal and all funds are safe. To allay any potential customer concerns, pending withdrawal requests were processed at 17:45 UTC, in line with our standard procedures. We will process another off-cycle withdrawal at 08:00 UTC, 02 Oct 2020, and then 13:00 UTC, as usual.