BitMEX Is Considered As A High Risk Exchange

On Monday this week, Chainalysis warned its clients that BitMEX, which rose to prominence during the massive Bitcoin bull run in 2017 and until recently was the largest Bitcoin derivatives exchange, will be considered a "high risk exchange" from October 13.

Chainalysis informs its clients via email that any transactions on the platform from October 1st should be considered high risk. Analyst firm Glassnode has provided data showing that around 45,000 BTC has been withdrawn from BitMEX since the beginning of the month. Interest in the bitcoin derivatives market, BitMEX, fell 16% the day after the company was indicted, according to Arcane Research.

As a reminder, the platform owners and CEO are accused of non-compliance with regulatory requirements. According to a statement by the Commodity Futures Trading Commission (CFTC), BitMEX management is accused of running an unregistered trading platform and failing to provide the necessary measures to combat money laundering.

Image: Cryptonary