Gemini, Binance, OKEx and Huobi seem to be the biggest beneficiaries of BitMEX's problems so far. Customers of the latter platform are moving their funds to these exchanges. Bitmex loses Bitcoins More than 45,000 bitcoins have been withdrawn from BitMEX. This is the result of the latest scandal concerning this exchange. The US Department of Justice and the Commodity Futures Trading Commission (CFTC) have filed charges against the platform and its owners. Arthur Hayes, Ben Delo and Samuel Reedem are accused of running an unregistered trading platform and violating CFTC regulations, including anti-money laundering, KYC and AML. We have written more on this topic here. The market reacted to this news with a sharp drop in the prices of leading cryptocurrencies. By the way, this is not the first time that BitMEX contributed to the correction. The exchange began to lose the confidence of its customers already after the crash that occurred on "Black Thursday". Back then, it prevented them from trading. As a result, users withdrew more than 100,000 Bitcoins from it within six months. 45,000 BTC outflow Now the exodus continues. According to Crystal Blockchain, as many as 45,000 Bitcoins were taken off the exchange in less than 48 hours. Interestingly, Gemini and Binance seem to be the biggest beneficiaries of BitMEX's problems. OKEx and Huobi are also benefiting. Over 20,000 BTC has now been transferred from BitMex to these four exchanges. Investors are probably worried that the BitMEX story could end tragically: either the actual arrest of the platform's founders and the seizure of the funds on the platform by the services, or the exchange's website will simply disappear from the web. Let us add, however, that for now there is no indication of this. BTC withdrawals are working smoothly. The same happens on the trading field. And what consequences could the company face? Lance Morginn, CEO of the Blockchain Intelligence Group and a former special agent with the Department of Homeland Security, told Cointelegraph that the most likely outcome will be fines and a promise by BitMEX management that the company will not engage in illegal activities in the future. So maybe the case will end not with a storm, but a light drizzle. Tags bitmex affair bitmex bitmex problems
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