The Rise And Fall Of BitMEX: What Really Went Wrong?
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2 Articles
The Rise And Fall Of BitMEX: What Really Went Wrong?
BitMEX, a pioneer in crypto derivatives exchange, has announced sunsetting its business after more than a decade in operation. The move followed years of regulatory issues, major market headwinds, and the arrival of tighter competition in its ecosystem. Its trading platform will cease operations on September 23, 2026, at 4:00 AM (UTC). BitMEX (BMEX) had a unique value proposition during its launch as a crypto derivatives exchange. In just a few …
BitMEX to Shut Down After 11 Years as Bridge Hacks Claim $31.6M in a Single Day - CryptoGazette
BitMEX closes after 11 years, bridge hacks steal $31.6M in hours, E*TRADE launches spot crypto, and the US Senate opposes clemency for FTX's Bankman-Fried. The post BitMEX to Shut Down After 11 Years as Bridge Hacks Claim $31.6M in a Single Day appeared first on CryptoGazette.
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