Chainalysis branded BitMEX for “high risks”
BitMEX implicated in Bitcoin price drop
Chainalysis considers stock exchange "high risk"
Exchange organizers are under investigation and risk going to jail
International consortium of news organizations, developing transparency standards.
Analyst firm Chainalysis has warned its clients that BitMEX, which until recently time was considered one of the largest, Now is considered a “high risk exchange” and any transactions on the site are “high-risk”.
Black times for BitMEX
The analytical company Chainalysis has classified the BitMEX cryptocurrency exchange as a “high risk market”. She warns users, that any operations on this platform will be considered high-risk, so clients should carefully consider whether to trade there.
Chainalysis Alert Combines Data from Analyst firm Glassnode, which shows, that since the beginning of the month, about 45,000 have been withdrawn from BitMEX BTC, this is 27% of the total quantity bitcoins on the exchange.
As a reminder, the Commodity Futures Trading Commission (CFTC) accused the exchange cryptocurrency Bitmex derivatives in collusion and in violation of the Bank Secrecy Act (BSA). The owners of the platform, including its co-founder and CEO Arthur Hayes, are accused of violating several regulatory requirements..
In particular, a statement posted on the website of the Commodity Futures Trading Commission (CFTC) says the company operated an unregistered trading platform and did not provide the necessary measures for anti-money laundering.
BitMEX is accused of selling bitcoin
It is worth noting that BitMEX and earlier came under a flurry of criticism from both regulators and the crypto community. This March of the year Bitcoin enthusiasts blamed the exchange for the fall in the market.
By opinion Director General of the Alameda Research Center and cryptocurrency Sam Bankman Fried FTX Exchange, BitMEX Employees intentionally lowered the price of bitcoin to the level of $ 3700, which led to a fall prices at other sites.
Freed questions the liquidity of the exchange, and when sell orders poured from BitMEX users bitcoin, the site simply could not process them due to lack of sufficient of money. As a result, BitMEX’s work was suspended on some hours, and when the site was re-commissioned, the cost of bitcoin already was extremely low.
In August, BitMEX was again involved in the fall in the value of bitcoin. According to data of the analytical service Bybt, in anticipation of the fall in prices coins on market 72,422 positions were liquidated, with this the largest liquidation was recorded at exchange cryptocurrency derivatives BitMEX. Collectively, exchange traders closed positions on perpetual bitcoin-swaps worth about 10 million dollars. it and caused the collapse of the price of bitcoin by 12%.
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