Search results for HDR Global Trading
Crypto
BitMEX shuts down exchange services after 12 years
Global cryptocurrency exchange BitMEX has officially ended its exchange operations after about 12 years. Trading, deposits and new position openings have been blocked, leaving users able only to log in and withdraw funds. BitMEX urged users to withdraw remaining balances quickly and warned against sending funds to its addresses. Accounts leaving balances after completing KYC face an annual fee of 1 percent or $50, billed monthly. It is also tightening withdrawal security checks.
Crypto
BitMEX former customers file class action lawsuit on closure announcement day over insider trading allegations
Two former BitMEX customers filed a class action lawsuit against the cryptocurrency exchange and three co-founders on the day it announced plans to close in September. A report by The Block said BKX Services and David Namdar alleged BitMEX ran a private insider trading desk and traded against clients using account information. They also alleged deliberate server stoppages during volatile periods to block access and trigger forced liquidations.
Crypto
BitMEX to wind down operations after 11 years; Zhao says \'sad\'
Cryptocurrency exchange BitMEX will cease operations on Sept. 23 local time. Operator HDR Global Trading decided to permanently close the exchange after reviewing its business strategy and broader crypto market conditions. New sign-ups have been halted, and limits on new positions will begin on Aug. 26. Unclosed positions will be liquidated at shutdown. BitMEX said it is not responsible for losses from failure to close positions by deadlines.