{"investigation":{"slug":"bitmex","entity_name":"BitMEX","trust_score":34,"severity_base":null,"score_modifier":18,"confidence":0.9,"status":"published","content_type":"investigation","summary":"BitMEX (Bitcoin Mercantile Exchange), operated by Seychelles-registered HDR Global Trading Limited, was a cryptocurrency derivatives exchange founded in 2014 by Arthur Hayes, Ben Delo and Samuel Reed that popularised the perpetual swap. It paid a $100 million CFTC/FinCEN civil settlement in 2021; its three co-founders and a senior employee pleaded guilty to Bank Secrecy Act violations, and the corporate entity later pleaded guilty and was fined a further $100 million, before all five received presidential pardons in March 2025. After a failed two-year sale process, BitMEX permanently shut down on September 23, 2026, and the disposition of its roughly $270 million insurance fund remained undisclosed.","sections":[{"content":"BitMEX was founded in 2014 by Arthur Hayes, Ben Delo and Samuel Reed and operated under the parent entity HDR Global Trading Limited, which was incorporated in the Seychelles and structured through offshore entities to serve users globally. Hayes, who had traded equity derivatives at Deutsche Bank and Citigroup in Hong Kong, served as CEO. BitMEX introduced the Bitcoin perpetual swap in 2016. The perpetual swap is a derivative with no expiry date, offered with leverage of up to 100x, and it became the most widely traded crypto derivative, a structure now standard across derivatives venues. At its peak BitMEX held a significant share of global Bitcoin derivatives volume, and by 2021 it reported average daily trading volume above $2 billion. The exchange claimed that no customer funds were lost to external hacks during its operating history.","heading":"Founding and business","sources":[{"url":"https://en.wikipedia.org/wiki/BitMEX","name":"BitMEX - Wikipedia","type":"other","credibility":2},{"url":"https://en.wikipedia.org/wiki/Arthur_Hayes_(banker)","name":"Arthur Hayes (banker) - Wikipedia","type":"other","credibility":2},{"url":"https://www.coindesk.com/markets/2026/07/23/bitmex-s-11-year-run-comes-to-an-end-notifies-users-it-is-ending-operations-in-by-sept-23","name":"CoinDesk: BitMEX's 11-year run comes to an end","type":"news_article","credibility":2},{"url":"https://www.financemagnates.com/cryptocurrency/bitmex-is-closing-but-the-perpetual-swap-is-just-getting-started/","name":"Finance Magnates: BitMEX is closing, but the perpetual swap is just getting started","type":"news_article","credibility":2}],"severity":"low"},{"content":"On October 1, 2020, the Commodity Futures Trading Commission filed a civil enforcement action against five HDR-affiliated entities and co-founders Arthur Hayes, Ben Delo and Samuel Reed. The CFTC alleged that BitMEX illegally offered off-exchange commodity futures and options, acted as an unregistered futures commission merchant and ran a swap trading facility without the required registration. It found that BitMEX had received more than $11 billion in Bitcoin deposits and earned more than $1 billion in fees. On the same day, the U.S. Attorney for the Southern District of New York (SDNY) unsealed an indictment charging Hayes, Delo, Reed and Head of Business Development Gregory Dwyer with violating the Bank Secrecy Act (BSA) and conspiring to violate it by willfully failing to establish, implement and maintain an anti-money laundering (AML) program, including any know-your-customer (KYC) component. Prosecutors alleged that from about 2015 to 2020 the defendants incorporated the exchange in the Seychelles to avoid U.S. requirements while knowingly continuing to serve U.S. customers. Customers could open an account with only an email address.","heading":"Regulatory action: CFTC and DOJ charges (October 2020)","sources":[{"url":"https://www.cftc.gov/PressRoom/PressReleases/8270-20","name":"CFTC Press Release 8270-20: CFTC Charges BitMEX Owners","type":"regulatory","credibility":1},{"url":"https://www.coindesk.com/policy/2020/10/01/crypto-trading-platform-bitmex-attempted-to-evade-us-regulations-cftc-doj-charge","name":"CoinDesk: Crypto Trading Platform BitMEX Attempted to Evade US Regulations","type":"news_article","credibility":2},{"url":"https://www.moneylaunderingnews.com/2020/10/cftc-and-doj-charge-bitmex-and-executives-with-illegally-trading-in-digital-assets-and-ignoring-bsa-aml-requirements/","name":"Money Laundering Watch: CFTC and DOJ Charge BitMEX","type":"news_article","credibility":2},{"url":"https://www.justice.gov/usao-sdny/pr/founders-cryptocurrency-exchange-plead-guilty-bank-secrecy-act-violations","name":"DOJ SDNY: Founders of cryptocurrency exchange plead guilty to Bank Secrecy Act violations","type":"court_filing","credibility":1},{"url":"https://www.paulweiss.com/practices/litigation/economic-sanctions-aml/publications/cftc-and-fincen-impose-100-million-penalty-on-bitmex?id=40790","name":"Paul Weiss: CFTC and FinCEN Impose $100 Million Penalty on BitMEX","type":"research","credibility":1}],"severity":"critical"},{"content":"On August 10, 2021, the U.S. District Court for the Southern District of New York ordered the BitMEX corporate entities to pay $100 million to resolve the CFTC and FinCEN civil charges. One account says each agency assessed $50 million; another says up to $50 million went to the CFTC and the rest to FinCEN. $80 million was payable immediately. The remaining $20 million was suspended pending a suspicious activity report lookback and independent consultant reviews of BitMEX's AML policies, procedures and controls. The CFTC found that BitMEX operated as an unregistered futures commission merchant, offered leveraged derivatives to U.S. customers without registration, and ran a swap trading facility without approval as a Designated Contract Market or Swap Execution Facility. FinCEN found that BitMEX willfully failed to maintain an adequate AML program, failed to implement a customer identification program and failed to file required suspicious activity reports. It also found that BitMEX had processed more than $200 million in transactions linked to darknet markets or mixing services. The action was FinCEN's first against a futures commission merchant. Under the consent order, BitMEX had to permanently bar U.S. persons, verify all active users and keep only non-customer-facing U.S. personnel.","heading":"Regulatory action: $100 million CFTC/FinCEN civil settlement (August 2021)","sources":[{"url":"https://www.cftc.gov/PressRoom/PressReleases/8412-21","name":"CFTC Press Release 8412-21: Federal Court Orders BitMEX to Pay $100 Million","type":"regulatory","credibility":1},{"url":"https://www.fincen.gov/news/news-releases/fincen-announces-100-million-enforcement-action-against-unregistered-futures","name":"FinCEN: $100 Million Enforcement Action Against BitMEX","type":"regulatory","credibility":1},{"url":"https://www.coindesk.com/markets/2021/08/10/bitmex-announces-100m-cftc-fincen-settlement","name":"CoinDesk: BitMEX Announces $100M CFTC, FinCEN Settlement","type":"news_article","credibility":2},{"url":"https://www.paulweiss.com/practices/litigation/economic-sanctions-aml/publications/cftc-and-fincen-impose-100-million-penalty-on-bitmex?id=40790","name":"Paul Weiss: CFTC and FinCEN Impose $100 Million Penalty on BitMEX","type":"research","credibility":1},{"url":"https://www.moneylaunderingnews.com/2021/08/fincen-and-cftc-reach-groundbreaking-100-million-aml-settlement-with-bitmex/","name":"Money Laundering Watch: FinCEN and CFTC Reach $100 Million AML Settlement with BitMEX","type":"news_article","credibility":2}],"severity":"critical"},{"content":"All three co-founders pleaded guilty to one count each of violating the Bank Secrecy Act. Hayes and Delo pleaded guilty on February 24, 2022, and Reed about two weeks later, on March 9, 2022. Hayes was sentenced on May 20, 2022 to two years of probation, the first six months under home detention, and a $10 million criminal fine. Delo was sentenced on June 15, 2022 to 30 months of probation without home confinement and a $10 million fine. Reed, whom the court described as 'somewhat less culpable,' was sentenced on July 13, 2022 to 18 months of probation and a $10 million fine. Gregory Dwyer, BitMEX's first employee and head of business development, pleaded guilty in August 2022. He was sentenced on November 16, 2022 to one year of probation and a $150,000 criminal fine. None of the defendants received prison time.","heading":"Criminal proceedings: individual guilty pleas and sentences (2022)","sources":[{"url":"https://www.coindesk.com/policy/2022/02/24/bitmex-founders-arthur-hayes-ben-delo-plead-guilty-to-violating-us-law","name":"CoinDesk: BitMEX founders Arthur Hayes, Ben Delo plead guilty","type":"news_article","credibility":2},{"url":"https://www.justice.gov/usao-sdny/pr/founders-cryptocurrency-exchange-plead-guilty-bank-secrecy-act-violations","name":"DOJ SDNY: Founders of cryptocurrency exchange plead guilty to Bank Secrecy Act violations","type":"court_filing","credibility":1},{"url":"https://www.justice.gov/usao-sdny/pr/third-founder-cryptocurrency-exchange-pleads-guilty-bank-secrecy-act-violations","name":"DOJ SDNY: Third Founder of Cryptocurrency Exchange Pleads Guilty","type":"court_filing","credibility":1},{"url":"https://www.justice.gov/usao-sdny/pr/high-ranking-employee-cryptocurrency-exchange-pleads-guilty-bank-secrecy-act-violations","name":"DOJ SDNY: High-Ranking Employee Pleads Guilty to BSA Violations","type":"court_filing","credibility":1},{"url":"https://www.coindesk.com/policy/2022/05/20/former-bitmex-ceo-arthur-hayes-sentenced-to-2-years-probation","name":"CoinDesk: Former BitMEX CEO Arthur Hayes Sentenced to 2 Years Probation","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/business/2022/06/15/bitmexs-delo-will-not-face-prison-after-guilty-plea","name":"CoinDesk: BitMEX's Delo Will Not Face Prison After Guilty Plea","type":"news_article","credibility":2},{"url":"https://www.mlex.com/mlex/articles/2154122/somewhat-less-culpable-bitmex-co-founder-sentenced-to-us-probation","name":"MLex: Somewhat less culpable BitMEX co-founder sentenced to US probation","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/policy/2022/08/08/bitmex-executive-pleads-guilty-to-violating-anti-money-laundering-act","name":"CoinDesk: BitMEX Executive Pleads Guilty to Violating Anti-Money Laundering Act","type":"news_article","credibility":2},{"url":"https://complianceconcourse.willkie.com/articles/news-alerts-2022-08-august-20220816-former-bitmex-executive-pleads-guilty/","name":"Willkie Compliance Concourse: Former BitMEX executive pleads guilty","type":"news_article","credibility":2},{"url":"https://complianceconcourse.willkie.com/articles/news-alerts-2022-11-november-20221122-fourth-bitmex-executive-sentenced-af/","name":"Willkie Compliance Concourse: Fourth BitMEX executive sentenced","type":"news_article","credibility":2},{"url":"https://www.theblock.co/linked/152355/bitmex-co-founder-benjamin-delo-sentenced-to-30-months-probation-without-home-confinement","name":"The Block: BitMEX co-founder Benjamin Delo sentenced to 30 months probation","type":"news_article","credibility":2},{"url":"https://www.bloomberg.com/news/articles/2022-05-20/bitmex-co-founder-arthur-hayes-sentenced-to-two-years-probation","name":"Bloomberg: BitMEX Co-Founder Arthur Hayes Sentenced to Two Years Probation","type":"news_article","credibility":1}],"severity":"critical"},{"content":"On May 5, 2022, the U.S. District Court for the Southern District of New York entered consent orders against Hayes, Delo and Reed individually. Each order imposed a $10 million civil monetary penalty, $30 million in total, and permanently enjoined the founder from future violations of the Commodity Exchange Act and CFTC regulations. The CFTC found the founders liable for operating an unregistered futures commission merchant that accepted U.S. customer funds from November 2014 through October 2020, and for failing to implement adequate AML and KYC controls.","heading":"Regulatory action: CFTC consent orders against co-founders ($30 million, 2022)","sources":[{"url":"https://www.cftc.gov/PressRoom/PressReleases/8522-22","name":"CFTC Press Release 8522-22: Court Orders BitMEX Co-Founders to Pay $30 Million","type":"regulatory","credibility":1},{"url":"https://www.cftc.gov/PressRoom/SpeechesTestimony/johnsonstatement050522","name":"CFTC Commissioner Johnson Statement on BitMEX Consent Orders","type":"regulatory","credibility":1}],"severity":"critical"},{"content":"On July 10, 2024, HDR Global Trading Limited pleaded guilty in SDNY to willfully failing to maintain an adequate AML program from 2015 to 2020. It was sentenced on January 15, 2025 to pay a $100 million criminal fine and serve two years of probation. The DOJ had initially sought more than $200 million, and at one point as much as $420 million, before the $100 million figure was reached.","heading":"Criminal proceedings: corporate guilty plea and $100 million fine (2024-2025)","sources":[{"url":"https://www.justice.gov/usao-sdny/pr/global-cryptocurrency-exchange-bitmex-pleads-guilty-bank-secrecy-act-offense","name":"DOJ SDNY: Global cryptocurrency exchange BitMEX pleads guilty to Bank Secrecy Act offense","type":"court_filing","credibility":1},{"url":"https://www.justice.gov/usao-sdny/pr/global-cryptocurrency-exchange-bitmex-fined-100-million-violating-bank-secrecy-act","name":"DOJ SDNY: BitMEX fined $100 million for violating Bank Secrecy Act","type":"court_filing","credibility":1},{"url":"https://www.coindesk.com/policy/2024/07/10/crypto-exchange-bitmex-pleads-guilty-to-violating-the-bank-secrecy-act-from-2015-to-2020","name":"CoinDesk: BitMEX pleads guilty to BSA violation (2024)","type":"news_article","credibility":2},{"url":"https://blockchain.bakermckenzie.com/2025/01/16/bitmex-fined-additional-100-million-for-flouting-u-s-anti-money-laundering-laws/","name":"Baker McKenzie Blockchain: BitMEX Fined Additional $100M","type":"news_article","credibility":2}],"severity":"critical"},{"content":"Penalties across all proceedings came to more than $230 million: $100 million from the combined CFTC/FinCEN civil settlement (August 2021, paid by HDR Global Trading, $20 million of it suspended subject to AML remediation conditions); $30 million in CFTC civil penalties against Hayes, Delo and Reed ($10 million each, May 2022); a $100 million DOJ criminal fine on HDR Global Trading (January 2025 sentencing); and Dwyer's $150,000 criminal fine (November 2022). Accounts of the co-founders' sentences also report a $10 million criminal fine for each of them. The input pages do not make clear whether those fines are separate from the $10 million CFTC civil penalties, so they are not added to the total. The individual penalties followed guilty pleas, and the corporate DOJ fine followed the 2024 corporate guilty plea.","heading":"Penalty summary","sources":[{"url":"https://www.cftc.gov/PressRoom/PressReleases/8522-22","name":"CFTC Press Release 8522-22: Court Orders BitMEX Co-Founders to Pay $30 Million","type":"regulatory","credibility":1},{"url":"https://www.justice.gov/usao-sdny/pr/global-cryptocurrency-exchange-bitmex-fined-100-million-violating-bank-secrecy-act","name":"DOJ SDNY: BitMEX fined $100 million for violating Bank Secrecy Act","type":"court_filing","credibility":1},{"url":"https://www.paulweiss.com/practices/litigation/economic-sanctions-aml/publications/cftc-and-fincen-impose-100-million-penalty-on-bitmex?id=40790","name":"Paul Weiss: CFTC and FinCEN Impose $100 Million Penalty on BitMEX","type":"research","credibility":1},{"url":"https://www.coindesk.com/policy/2022/05/20/former-bitmex-ceo-arthur-hayes-sentenced-to-2-years-probation","name":"CoinDesk: Former BitMEX CEO Arthur Hayes Sentenced to 2 Years Probation","type":"news_article","credibility":2}],"severity":"critical"},{"content":"On March 28, 2025, President Donald Trump granted full pardons to Arthur Hayes, Benjamin Delo, Samuel Reed and Gregory Dwyer, and to the corporate entity HDR Global Trading Limited, extinguishing the criminal convictions that followed their guilty pleas. The corporate pardon was described as a rare instance of a presidential pardon issued to a corporation. Delo said the pardon was 'a vindication of the position we have always held — that BitMEX, my co-founders and I should never have been charged with a criminal offense through an obscure, antiquated law.' Critics, including Axios, cast the pardons as part of a broader pattern of clemency for white-collar defendants with ties to the cryptocurrency industry. The CFTC and FinCEN civil penalties were separate proceedings and were not affected by the pardons. A pardon removes the legal consequences of a conviction but is not a finding of innocence; the guilty pleas entered in court remain on the public record.","heading":"Presidential pardons (March 2025)","sources":[{"url":"https://www.cnbc.com/2025/03/28/trump-pardon-bitmex-crypto-exchange-money-laundering.html","name":"CNBC: Trump Pardons Three BitMEX Crypto Exchange Co-Founders","type":"news_article","credibility":1},{"url":"https://www.bloomberg.com/news/articles/2025-03-28/trump-pardons-bitmex-co-founders-arthur-hayes-benjamin-delo-and-samuel-reed","name":"Bloomberg: Trump Pardons BitMEX Co-Founders Arthur Hayes, Benjamin Delo and Samuel Reed","type":"news_article","credibility":1},{"url":"https://theintercept.com/2025/04/02/trump-pardons-corporation-bitmex-crypto/","name":"The Intercept: Trump Just Pardoned a Corporation?","type":"news_article","credibility":2},{"url":"https://www.theblock.co/post/348719/trump-pardons-bitmex-co-founders-including-arthur-hayes-report","name":"The Block: Trump pardons BitMEX co-founders","type":"news_article","credibility":2}],"severity":"high"},{"content":"On November 1, 2019, BitMEX exposed the email addresses of a large part of its user base by sending a mass marketing email with recipients in the CC field instead of BCC, so every address was visible to every recipient. BitMEX attributed the incident to a failure in its email distribution software and a quality-check failure. After observing hostile login attempts, it reset passwords for all accounts that held a balance and lacked two-factor authentication. The incident drew criticism because leaked exchange-user data can expose holders to targeted phishing, SIM-swapping and other attacks. Binance CEO Changpeng Zhao publicly urged BitMEX users who reused email addresses across platforms to change their credentials.","heading":"Security incident: 2019 email data leak","sources":[{"url":"https://www.coindesk.com/markets/2019/11/01/bitmex-exchange-exposes-user-base-in-email-mishap","name":"CoinDesk: BitMEX Exchange Exposes User Base in Email Mishap","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/markets/2019/11/04/bitmex-says-quality-check-failure-led-to-email-privacy-breach","name":"CoinDesk: BitMEX Says Quality Check Failure Led to Email Privacy Breach","type":"news_article","credibility":2},{"url":"https://bitcoinmagazine.com/culture/bitmex-compromises-user-data-in-email-gaffe","name":"Bitcoin Magazine: BitMEX Compromises User Data In Email Gaffe","type":"news_article","credibility":2}],"severity":"medium"},{"content":"After the October 2020 charges, HDR Global Trading Limited reorganised as the 100x Group. Vivien Khoo served as interim CEO until Alexander Höptner, formerly CEO of Börse Stuttgart, was appointed CEO at the end of November 2020. BitMEX says it has run a compliance programme covering AML, KYC and broader regulatory standards since 2020. It reported that, working with Chainalysis, it cut its on-chain risk exposure by 88%, from 1.7% in 2019 to 0.2% in 2024. As of 2024, HDR Global Trading Limited operated as a Virtual Asset Service Provider under the transitional provisions of the Seychelles Virtual Asset Service Providers Act 2024, pending a licensing decision by the Seychelles Financial Services Authority. Before its closure the exchange was barred to U.S. persons under the consent order and operated in more than 120 countries, excluding the United States, Russia and several other restricted jurisdictions.","heading":"Corporate restructuring and compliance programme","sources":[{"url":"https://www.coindesk.com/markets/2020/12/01/parent-of-troubled-bitmex-names-a-former-stock-exchange-chief-its-new-ceo/","name":"CoinDesk: Parent of Troubled BitMEX Names Former Stock Exchange Chief Its New CEO","type":"news_article","credibility":2},{"url":"https://blog.bitmex.com/compliance-transformation/","name":"BitMEX Blog: BitMEX Strengthens Compliance to Reduce Risk Exposure by 88%","type":"official","credibility":3},{"url":"https://www.bitmex.com/en/regulatory-licences","name":"BitMEX Regulatory Licences","type":"official","credibility":3}],"severity":"medium"},{"content":"BitMEX reportedly spent about two years looking for a buyer before closing. HDR Global Trading engaged investment bank Broadhaven Capital Partners in late 2024 to advise on a sale, which was publicly reported in February 2025, and sought a valuation of about $1 billion. According to CoinDesk, prospective buyers, including competing exchanges and the payments company Exodus, declined to proceed. The obstacles cited were the co-founders' continued controlling stake (buyers typically require management retention incentives), trading volumes that were falling relative to competitors, and reputational concerns arising from the regulatory history. No formal bids were publicly confirmed.","heading":"Failed sale process (2024-2026)","sources":[{"url":"https://www.coindesk.com/business/2026/07/31/bitmex-sale-collapsed-as-buyers-balked-at-founder-ownership-and-shrinking-business","name":"CoinDesk: BitMEX sale collapsed as buyers balked at founder ownership and shrinking business","type":"news_article","credibility":2},{"url":"https://crypto.news/bitmex-spent-two-years-seeking-buyer-before-shutdown/","name":"Crypto.news: BitMEX spent two years seeking buyer before shutdown","type":"news_article","credibility":2}],"severity":"medium"},{"content":"On July 23, 2026, HDR Global Trading Limited announced that BitMEX would permanently cease operations on September 23, 2026 at 04:00 UTC, citing a strategic review. New account registrations stopped immediately. From August 26, 2026 at 04:00 UTC no new positions could be opened, only reduced, and any positions still open at closure were to be closed automatically. BitMEX said it had maintained proof-of-reserves throughout and that no customer funds were at risk. Users can still access their accounts after closure to withdraw residual funds, subject to 'additional review procedures.' Balances not withdrawn by the deadline are charged a fee of 1% a year, charged monthly, with a $50 a month minimum.","heading":"Exchange closure and wind-down (September 2026)","sources":[{"url":"https://www.bitmex.com/blog/bitmex-closure","name":"BitMEX official closure announcement","type":"official","credibility":1},{"url":"https://www.coindesk.com/markets/2026/07/23/bitmex-s-11-year-run-comes-to-an-end-notifies-users-it-is-ending-operations-in-by-sept-23","name":"CoinDesk: BitMEX's 11-year run comes to an end","type":"news_article","credibility":2},{"url":"https://www.cnbc.com/2026/07/23/cryptocurrency-exchange-bitmex-shut-down.html","name":"CNBC: Cryptocurrency exchange BitMEX to shut down","type":"news_article","credibility":1},{"url":"https://cointelegraph.com/news/bitmex-crypto-derivatives-exchange-shut-down","name":"Cointelegraph: BitMEX crypto derivatives exchange shut down","type":"news_article","credibility":2},{"url":"https://finance.yahoo.com/markets/crypto/articles/bitmex-exchange-announces-shutdown-ending-081039937.html","name":"Yahoo Finance: BitMEX Exchange Announces Shut Down, Ending 11-Year Run","type":"news_article","credibility":2}],"severity":"high"},{"content":"At closure BitMEX held an insurance fund of about $270 million: roughly $239 million in Bitcoin (about 3,694 BTC) and about $31 million in USDT. The fund was built up over the exchange's life from liquidation proceeds and trading activity, and its stated purpose was to absorb liquidation losses and prevent auto-deleveraging. Unlike customer deposits, it was owned and controlled by HDR Global Trading Limited, not by users. As of the shutdown date, BitMEX had not disclosed what would happen to the fund, and Protos reported that it did not respond to media questions on the subject. Some social media posts claimed that users who suffered liquidations would receive distributions, but no such plan had been announced or confirmed by BitMEX.","heading":"Insurance fund: unresolved disposition (~$270 million)","sources":[{"url":"https://protos.com/bitmex-to-close-but-what-about-its-270m-insurance-fund/","name":"Protos: BitMEX to close, but what about its $270M insurance fund?","type":"news_article","credibility":2},{"url":"https://www.kucoin.com/blog/bitmex-to-shutdown-in-september-2026","name":"KuCoin: BitMEX to Shutdown in September 2026 — What Happens to Its $270M Insurance Fund?","type":"news_article","credibility":2}],"severity":"high"}],"timeline":[{"date":"2014","event":"BitMEX founded by Arthur Hayes, Ben Delo and Samuel Reed under HDR Global Trading Limited, incorporated in the Seychelles.","source":"BitMEX - Wikipedia","source_url":"https://en.wikipedia.org/wiki/BitMEX"},{"date":"2016","event":"BitMEX introduces the Bitcoin perpetual swap contract, with no expiry and up to 100x leverage.","source":"Finance Magnates","source_url":"https://www.financemagnates.com/cryptocurrency/bitmex-is-closing-but-the-perpetual-swap-is-just-getting-started/"},{"date":"2019-11","event":"BitMEX exposes the email addresses of a large part of its user base by using CC instead of BCC in a mass marketing email.","source":"CoinDesk","source_url":"https://www.coindesk.com/markets/2019/11/01/bitmex-exchange-exposes-user-base-in-email-mishap"},{"date":"2020-10","event":"CFTC files civil charges against BitMEX entities and co-founders Hayes, Delo and Reed; SDNY unseals a criminal indictment charging them and Gregory Dwyer with Bank Secrecy Act violations.","source":"CFTC Press Release 8270-20","source_url":"https://www.cftc.gov/PressRoom/PressReleases/8270-20"},{"date":"2020-11","event":"Parent reorganises as 100x Group; Alexander Höptner appointed CEO, replacing interim CEO Vivien Khoo.","source":"CoinDesk","source_url":"https://www.coindesk.com/markets/2020/12/01/parent-of-troubled-bitmex-names-a-former-stock-exchange-chief-its-new-ceo/"},{"date":"2021-08","event":"Court orders BitMEX entities to pay $100 million to resolve CFTC and FinCEN civil charges ($80 million immediately, $20 million suspended).","source":"CFTC Press Release 8412-21","source_url":"https://www.cftc.gov/PressRoom/PressReleases/8412-21"},{"date":"2022-02","event":"Arthur Hayes and Benjamin Delo plead guilty to violating the Bank Secrecy Act.","source":"CoinDesk","source_url":"https://www.coindesk.com/policy/2022/02/24/bitmex-founders-arthur-hayes-ben-delo-plead-guilty-to-violating-us-law"},{"date":"2022-03","event":"Samuel Reed pleads guilty to violating the Bank Secrecy Act.","source":"DOJ SDNY","source_url":"https://www.justice.gov/usao-sdny/pr/third-founder-cryptocurrency-exchange-pleads-guilty-bank-secrecy-act-violations"},{"date":"2022-05","event":"Court enters CFTC consent orders against Hayes, Delo and Reed: $10 million civil penalty each ($30 million total) and permanent injunctions.","source":"CFTC Press Release 8522-22","source_url":"https://www.cftc.gov/PressRoom/PressReleases/8522-22"},{"date":"2022-05","event":"Arthur Hayes sentenced to two years of probation, including six months of home detention, and a $10 million criminal fine.","source":"CoinDesk","source_url":"https://www.coindesk.com/policy/2022/05/20/former-bitmex-ceo-arthur-hayes-sentenced-to-2-years-probation"},{"date":"2022-06","event":"Benjamin Delo sentenced to 30 months of probation without home confinement and a $10 million criminal fine.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2022/06/15/bitmexs-delo-will-not-face-prison-after-guilty-plea"},{"date":"2022-07","event":"Samuel Reed sentenced to 18 months of probation and a $10 million criminal fine.","source":"MLex","source_url":"https://www.mlex.com/mlex/articles/2154122/somewhat-less-culpable-bitmex-co-founder-sentenced-to-us-probation"},{"date":"2022-08","event":"Gregory Dwyer, BitMEX's first employee and head of business development, pleads guilty to violating the Bank Secrecy Act.","source":"CoinDesk","source_url":"https://www.coindesk.com/policy/2022/08/08/bitmex-executive-pleads-guilty-to-violating-anti-money-laundering-act"},{"date":"2022-11","event":"Gregory Dwyer sentenced to one year of probation and a $150,000 criminal fine.","source":"Willkie Compliance Concourse","source_url":"https://complianceconcourse.willkie.com/articles/news-alerts-2022-11-november-20221122-fourth-bitmex-executive-sentenced-af/"},{"date":"2024-07","event":"HDR Global Trading Limited pleads guilty in SDNY to willfully failing to maintain an adequate AML program from 2015 to 2020.","source":"DOJ SDNY","source_url":"https://www.justice.gov/usao-sdny/pr/global-cryptocurrency-exchange-bitmex-pleads-guilty-bank-secrecy-act-offense"},{"date":"2024-11","event":"BitMEX engages Broadhaven Capital Partners (late 2024) to advise on a potential sale; publicly reported in February 2025.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2026/07/31/bitmex-sale-collapsed-as-buyers-balked-at-founder-ownership-and-shrinking-business"},{"date":"2025-01","event":"HDR Global Trading sentenced to a $100 million criminal fine and two years of probation; DOJ had initially sought more than $200 million.","source":"DOJ SDNY","source_url":"https://www.justice.gov/usao-sdny/pr/global-cryptocurrency-exchange-bitmex-fined-100-million-violating-bank-secrecy-act"},{"date":"2025-03","event":"President Trump pardons Hayes, Delo, Reed, Dwyer and HDR Global Trading Limited; civil regulatory penalties unaffected.","source":"CNBC","source_url":"https://www.cnbc.com/2025/03/28/trump-pardon-bitmex-crypto-exchange-money-laundering.html"},{"date":"2026-07","event":"HDR Global Trading announces BitMEX will permanently close on September 23, 2026 at 04:00 UTC; new registrations halted.","source":"BitMEX official announcement","source_url":"https://www.bitmex.com/blog/bitmex-closure"},{"date":"2026-08","event":"BitMEX blocks new position openings at 04:00 UTC on August 26; users can only reduce existing positions.","source":"BitMEX official announcement","source_url":"https://www.bitmex.com/blog/bitmex-closure"},{"date":"2026-09","event":"BitMEX shuts down at 04:00 UTC on September 23; remaining positions auto-closed, fees begin on unwithdrawn balances, and disposition of the ~$270 million insurance fund remains undisclosed.","source":"BitMEX official announcement; Protos","source_url":"https://www.bitmex.com/blog/bitmex-closure"}],"sources_used":[{"url":"https://www.cftc.gov/PressRoom/PressReleases/8270-20","name":"CFTC Press Release 8270-20: CFTC Charges BitMEX Owners","type":"regulatory","archive_url":"http://web.archive.org/web/20260419101146/https://www.cftc.gov/PressRoom/PressReleases/8270-20","credibility":1,"archive_timestamp":"2026-04-19T10:11:46+00:00"},{"url":"https://www.cftc.gov/PressRoom/PressReleases/8412-21","name":"CFTC Press Release 8412-21: Federal Court Orders BitMEX to Pay $100 Million","type":"regulatory","archive_url":"http://web.archive.org/web/20260701070300/https://www.cftc.gov/PressRoom/PressReleases/8412-21","credibility":1,"archive_timestamp":"2026-07-01T07:03:00+00:00"},{"url":"https://www.cftc.gov/PressRoom/PressReleases/8522-22","name":"CFTC Press Release 8522-22: Court Orders BitMEX Co-Founders to Pay $30 Million","type":"regulatory","archive_url":"http://web.archive.org/web/20260622190910/https://www.cftc.gov/PressRoom/PressReleases/8522-22","credibility":1,"archive_timestamp":"2026-06-22T19:09:10+00:00"},{"url":"https://www.cftc.gov/PressRoom/SpeechesTestimony/johnsonstatement050522","name":"CFTC Commissioner Johnson Statement on BitMEX Consent Orders","type":"regulatory","archive_url":"http://web.archive.org/web/20260519092717/https://www.cftc.gov/PressRoom/SpeechesTestimony/johnsonstatement050522","credibility":1,"archive_timestamp":"2026-05-19T09:27:17+00:00"},{"url":"https://www.fincen.gov/news/news-releases/fincen-announces-100-million-enforcement-action-against-unregistered-futures","name":"FinCEN: $100 Million Enforcement Action Against BitMEX","type":"regulatory","archive_url":"http://web.archive.org/web/20260509083534/https://www.fincen.gov/news/news-releases/fincen-announces-100-million-enforcement-action-against-unregistered-futures","credibility":1,"archive_timestamp":"2026-05-09T08:35:34+00:00"},{"url":"https://www.justice.gov/usao-sdny/pr/founders-cryptocurrency-exchange-plead-guilty-bank-secrecy-act-violations","name":"DOJ SDNY: Founders of cryptocurrency exchange plead guilty to Bank Secrecy Act violations","type":"court_filing","archive_url":"http://web.archive.org/web/20260912192113/https://www.justice.gov/usao-sdny/pr/founders-cryptocurrency-exchange-plead-guilty-bank-secrecy-act-violations","credibility":1,"archive_timestamp":"2026-09-12T19:21:13+00:00"},{"url":"https://www.justice.gov/usao-sdny/pr/third-founder-cryptocurrency-exchange-pleads-guilty-bank-secrecy-act-violations","name":"DOJ SDNY: Third Founder of Cryptocurrency Exchange Pleads Guilty","type":"court_filing","archive_url":"http://web.archive.org/web/20260523200320/https://www.justice.gov/usao-sdny/pr/third-founder-cryptocurrency-exchange-pleads-guilty-bank-secrecy-act-violations","credibility":1,"archive_timestamp":"2026-05-23T20:03:20+00:00"},{"url":"https://www.justice.gov/usao-sdny/pr/high-ranking-employee-cryptocurrency-exchange-pleads-guilty-bank-secrecy-act-violations","name":"DOJ SDNY: High-Ranking Employee Pleads Guilty to BSA Violations","type":"court_filing","archive_url":"http://web.archive.org/web/20260719233140/https://www.justice.gov/usao-sdny/pr/high-ranking-employee-cryptocurrency-exchange-pleads-guilty-bank-secrecy-act-violations","credibility":1,"archive_timestamp":"2026-07-19T23:31:40+00:00"},{"url":"https://www.justice.gov/usao-sdny/pr/global-cryptocurrency-exchange-bitmex-pleads-guilty-bank-secrecy-act-offense","name":"DOJ SDNY: Global cryptocurrency exchange BitMEX pleads guilty to Bank Secrecy Act offense","type":"court_filing","archive_url":"http://web.archive.org/web/20260524033728/https://www.justice.gov/usao-sdny/pr/global-cryptocurrency-exchange-bitmex-pleads-guilty-bank-secrecy-act-offense","credibility":1,"archive_timestamp":"2026-05-24T03:37:28+00:00"},{"url":"https://www.justice.gov/usao-sdny/pr/global-cryptocurrency-exchange-bitmex-fined-100-million-violating-bank-secrecy-act","name":"DOJ SDNY: BitMEX fined $100 million for violating Bank Secrecy Act","type":"court_filing","archive_url":"http://web.archive.org/web/20260905072232/https://www.justice.gov/usao-sdny/pr/global-cryptocurrency-exchange-bitmex-fined-100-million-violating-bank-secrecy-act","credibility":1,"archive_timestamp":"2026-09-05T07:22:32+00:00"},{"url":"https://www.paulweiss.com/practices/litigation/economic-sanctions-aml/publications/cftc-and-fincen-impose-100-million-penalty-on-bitmex?id=40790","name":"Paul Weiss: CFTC and FinCEN Impose $100 Million Penalty on BitMEX","type":"research","archive_url":"https://web.archive.org/web/20261002054715/https://www.paulweiss.com/insights/client-memos/cftc-and-fincen-impose-100-million-penalty-on-bitmex","credibility":1,"archive_timestamp":"2026-10-02T05:47:15+00:00"},{"url":"https://www.coindesk.com/policy/2020/10/01/crypto-trading-platform-bitmex-attempted-to-evade-us-regulations-cftc-doj-charge","name":"CoinDesk: Crypto Trading Platform BitMEX Attempted to Evade US Regulations","type":"news_article","archive_url":"http://web.archive.org/web/20260107145628/https://www.coindesk.com/policy/2020/10/01/crypto-trading-platform-bitmex-attempted-to-evade-us-regulations-cftc-doj-charge","credibility":2,"archive_timestamp":"2026-01-07T14:56:28+00:00"},{"url":"https://www.moneylaunderingnews.com/2020/10/cftc-and-doj-charge-bitmex-and-executives-with-illegally-trading-in-digital-assets-and-ignoring-bsa-aml-requirements/","name":"Money Laundering Watch: CFTC and DOJ Charge BitMEX","type":"news_article","archive_url":"http://web.archive.org/web/20260415123624/https://www.moneylaunderingnews.com/2020/10/cftc-and-doj-charge-bitmex-and-executives-with-illegally-trading-in-digital-assets-and-ignoring-bsa-aml-requirements/","credibility":2,"archive_timestamp":"2026-04-15T12:36:24+00:00"},{"url":"https://www.moneylaunderingnews.com/2021/08/fincen-and-cftc-reach-groundbreaking-100-million-aml-settlement-with-bitmex/","name":"Money Laundering Watch: FinCEN and CFTC Reach $100 Million AML Settlement with BitMEX","type":"news_article","archive_url":"http://web.archive.org/web/20260412133948/https://www.moneylaunderingnews.com/2021/08/fincen-and-cftc-reach-groundbreaking-100-million-aml-settlement-with-bitmex/","credibility":2,"archive_timestamp":"2026-04-12T13:39:48+00:00"},{"url":"https://www.coindesk.com/markets/2021/08/10/bitmex-announces-100m-cftc-fincen-settlement","name":"CoinDesk: BitMEX Announces $100M CFTC, FinCEN Settlement","type":"news_article","archive_url":"http://web.archive.org/web/20251007051454/https://www.coindesk.com/markets/2021/08/10/bitmex-announces-100m-cftc-fincen-settlement","credibility":2,"archive_timestamp":"2025-10-07T05:14:54+00:00"},{"url":"https://www.coindesk.com/policy/2022/02/24/bitmex-founders-arthur-hayes-ben-delo-plead-guilty-to-violating-us-law","name":"CoinDesk: BitMEX founders Arthur Hayes, Ben Delo plead guilty","type":"news_article","archive_url":"http://web.archive.org/web/20251118002553/https://www.coindesk.com/policy/2022/02/24/bitmex-founders-arthur-hayes-ben-delo-plead-guilty-to-violating-us-law","credibility":2,"archive_timestamp":"2025-11-18T00:25:53+00:00"},{"url":"https://www.coindesk.com/policy/2022/05/20/former-bitmex-ceo-arthur-hayes-sentenced-to-2-years-probation","name":"CoinDesk: Former BitMEX CEO Arthur Hayes Sentenced to 2 Years Probation","type":"news_article","archive_url":"https://web.archive.org/web/20260726005532/https://www.coindesk.com/policy/2022/05/20/former-bitmex-ceo-arthur-hayes-sentenced-to-2-years-probation","credibility":2,"archive_timestamp":"2026-07-26T00:55:32+00:00"},{"url":"https://www.bloomberg.com/news/articles/2022-05-20/bitmex-co-founder-arthur-hayes-sentenced-to-two-years-probation","name":"Bloomberg: BitMEX Co-Founder Arthur Hayes Sentenced to Two Years Probation","type":"news_article","archive_url":null,"credibility":1,"archive_timestamp":null},{"url":"https://www.coindesk.com/business/2022/06/15/bitmexs-delo-will-not-face-prison-after-guilty-plea","name":"CoinDesk: BitMEX's Delo Will Not Face Prison After Guilty Plea","type":"news_article","archive_url":"http://web.archive.org/web/20251118174245/https://www.coindesk.com/business/2022/06/15/bitmexs-delo-will-not-face-prison-after-guilty-plea","credibility":2,"archive_timestamp":"2025-11-18T17:42:45+00:00"},{"url":"https://www.theblock.co/linked/152355/bitmex-co-founder-benjamin-delo-sentenced-to-30-months-probation-without-home-confinement","name":"The Block: BitMEX co-founder Benjamin Delo sentenced to 30 months probation","type":"news_article","archive_url":null,"credibility":2,"archive_error":"error:no-request","archive_status":"unarchivable","archive_timestamp":null},{"url":"https://www.mlex.com/mlex/articles/2154122/somewhat-less-culpable-bitmex-co-founder-sentenced-to-us-probation","name":"MLex: Somewhat less culpable BitMEX co-founder sentenced to US probation","type":"news_article","archive_url":"https://web.archive.org/web/20261002054723/https://www.mlex.com/mlex/articles/2154122","credibility":2,"archive_timestamp":"2026-10-02T05:47:23+00:00"},{"url":"https://www.coindesk.com/policy/2022/08/08/bitmex-executive-pleads-guilty-to-violating-anti-money-laundering-act","name":"CoinDesk: BitMEX Executive Pleads Guilty to Violating Anti-Money Laundering Act","type":"news_article","archive_url":"https://web.archive.org/web/20261002054647/https://www.coindesk.com/policy/2022/08/08/bitmex-executive-pleads-guilty-to-violating-anti-money-laundering-act","credibility":2,"archive_timestamp":"2026-10-02T05:46:47+00:00"},{"url":"https://complianceconcourse.willkie.com/articles/news-alerts-2022-08-august-20220816-former-bitmex-executive-pleads-guilty/","name":"Willkie Compliance Concourse: Former BitMEX executive pleads guilty","type":"news_article","archive_url":"http://web.archive.org/web/20260608021535/https://complianceconcourse.willkie.com/articles/news-alerts-2022-08-august-20220816-former-bitmex-executive-pleads-guilty/","credibility":2,"archive_timestamp":"2026-06-08T02:15:35+00:00"},{"url":"https://complianceconcourse.willkie.com/articles/news-alerts-2022-11-november-20221122-fourth-bitmex-executive-sentenced-af/","name":"Willkie Compliance Concourse: Fourth BitMEX executive sentenced","type":"news_article","archive_url":"http://web.archive.org/web/20260410174334/https://complianceconcourse.willkie.com/articles/news-alerts-2022-11-november-20221122-fourth-bitmex-executive-sentenced-af/","credibility":2,"archive_timestamp":"2026-04-10T17:43:34+00:00"},{"url":"https://www.coindesk.com/policy/2024/07/10/crypto-exchange-bitmex-pleads-guilty-to-violating-the-bank-secrecy-act-from-2015-to-2020","name":"CoinDesk: BitMEX pleads guilty to BSA violation (2024)","type":"news_article","archive_url":"http://web.archive.org/web/20260629115408/https://www.coindesk.com/policy/2024/07/10/crypto-exchange-bitmex-pleads-guilty-to-violating-the-bank-secrecy-act-from-2015-to-2020","credibility":2,"archive_timestamp":"2026-06-29T11:54:08+00:00"},{"url":"https://blockchain.bakermckenzie.com/2025/01/16/bitmex-fined-additional-100-million-for-flouting-u-s-anti-money-laundering-laws/","name":"Baker McKenzie Blockchain: BitMEX Fined Additional $100M","type":"news_article","archive_url":"http://web.archive.org/web/20260421220917/https://blockchain.bakermckenzie.com/2025/01/16/bitmex-fined-additional-100-million-for-flouting-u-s-anti-money-laundering-laws/","credibility":2,"archive_timestamp":"2026-04-21T22:09:17+00:00"},{"url":"https://www.coindesk.com/markets/2019/11/01/bitmex-exchange-exposes-user-base-in-email-mishap","name":"CoinDesk: BitMEX Exchange Exposes User Base in Email Mishap","type":"news_article","archive_url":"https://web.archive.org/web/20260725153740/https://www.coindesk.com/markets/2019/11/01/bitmex-exchange-exposes-user-base-in-email-mishap","credibility":2,"archive_timestamp":"2026-07-25T15:37:40+00:00"},{"url":"https://www.coindesk.com/markets/2019/11/04/bitmex-says-quality-check-failure-led-to-email-privacy-breach","name":"CoinDesk: BitMEX Says Quality Check Failure Led to Email Privacy Breach","type":"news_article","archive_url":"https://web.archive.org/web/20261002130209/https://www.coindesk.com/markets/2019/11/04/bitmex-says-quality-check-failure-led-to-email-privacy-breach","credibility":2,"archive_timestamp":"2026-10-02T13:02:09+00:00"},{"url":"https://bitcoinmagazine.com/culture/bitmex-compromises-user-data-in-email-gaffe","name":"Bitcoin Magazine: BitMEX Compromises User Data In Email Gaffe","type":"news_article","archive_url":"http://web.archive.org/web/20260611042432/https://bitcoinmagazine.com/culture/bitmex-compromises-user-data-in-email-gaffe","credibility":2,"archive_timestamp":"2026-06-11T04:24:32+00:00"},{"url":"https://www.coindesk.com/markets/2020/12/01/parent-of-troubled-bitmex-names-a-former-stock-exchange-chief-its-new-ceo/","name":"CoinDesk: Parent of Troubled BitMEX Names Former Stock Exchange Chief Its New CEO","type":"news_article","archive_url":"https://web.archive.org/web/20261002054641/https://www.coindesk.com/markets/2020/12/01/parent-of-troubled-bitmex-names-a-former-stock-exchange-chief-its-new-ceo","credibility":2,"archive_timestamp":"2026-10-02T05:46:41+00:00"},{"url":"https://blog.bitmex.com/compliance-transformation/","name":"BitMEX Blog: BitMEX Strengthens Compliance to Reduce Risk Exposure by 88%","type":"official","archive_url":"http://web.archive.org/web/20250906231815/https://blog.bitmex.com/compliance-transformation/","credibility":3,"archive_timestamp":"2025-09-06T23:18:15+00:00"},{"url":"https://www.bitmex.com/en/regulatory-licences","name":"BitMEX Regulatory Licences","type":"official","archive_url":null,"credibility":3,"archive_error":"error:not-found","archive_status":"unarchivable","archive_timestamp":null},{"url":"https://www.cnbc.com/2025/03/28/trump-pardon-bitmex-crypto-exchange-money-laundering.html","name":"CNBC: Trump Pardons Three BitMEX Crypto Exchange Co-Founders","type":"news_article","archive_url":"http://web.archive.org/web/20260720191450/https://www.cnbc.com/2025/03/28/trump-pardon-bitmex-crypto-exchange-money-laundering.html","credibility":1,"archive_timestamp":"2026-07-20T19:14:50+00:00"},{"url":"https://www.bloomberg.com/news/articles/2025-03-28/trump-pardons-bitmex-co-founders-arthur-hayes-benjamin-delo-and-samuel-reed","name":"Bloomberg: Trump Pardons BitMEX Co-Founders Arthur Hayes, Benjamin Delo and Samuel Reed","type":"news_article","archive_url":"http://web.archive.org/web/20250825072657/https://www.bloomberg.com/news/articles/2025-03-28/trump-pardons-bitmex-co-founders-arthur-hayes-benjamin-delo-and-samuel-reed","credibility":1,"archive_timestamp":"2025-08-25T07:26:57+00:00"},{"url":"https://theintercept.com/2025/04/02/trump-pardons-corporation-bitmex-crypto/","name":"The Intercept: Trump Just Pardoned a Corporation?","type":"news_article","archive_url":"http://web.archive.org/web/20260703122911/https://theintercept.com/2025/04/02/trump-pardons-corporation-bitmex-crypto/","credibility":2,"archive_timestamp":"2026-07-03T12:29:11+00:00"},{"url":"https://www.theblock.co/post/348719/trump-pardons-bitmex-co-founders-including-arthur-hayes-report","name":"The Block: Trump pardons BitMEX co-founders","type":"news_article","archive_url":null,"credibility":2,"archive_error":"error:no-request","archive_status":"unarchivable","archive_timestamp":null},{"url":"https://en.wikipedia.org/wiki/BitMEX","name":"BitMEX - Wikipedia","type":"other","archive_url":"http://web.archive.org/web/20260715064255/https://en.wikipedia.org/wiki/BitMEX","credibility":2,"archive_timestamp":"2026-07-15T06:42:55+00:00"},{"url":"https://en.wikipedia.org/wiki/Arthur_Hayes_(banker)","name":"Arthur Hayes (banker) - Wikipedia","type":"other","archive_url":"http://web.archive.org/web/20260309010848/https://en.wikipedia.org/wiki/Arthur_Hayes_(banker)","credibility":2,"archive_timestamp":"2026-03-09T01:08:48+00:00"},{"url":"https://www.bitmex.com/blog/bitmex-closure","name":"BitMEX official closure announcement","type":"official","archive_url":"http://web.archive.org/web/20260914025331/https://www.bitmex.com/blog/bitmex-closure","credibility":1,"archive_timestamp":"2026-09-14T02:53:31+00:00"},{"url":"https://www.cnbc.com/2026/07/23/cryptocurrency-exchange-bitmex-shut-down.html","name":"CNBC: Cryptocurrency exchange BitMEX to shut down","type":"news_article","archive_url":"http://web.archive.org/web/20260825013245/https://www.cnbc.com/2026/07/23/cryptocurrency-exchange-bitmex-shut-down.html","credibility":1,"archive_timestamp":"2026-08-25T01:32:45+00:00"},{"url":"https://www.coindesk.com/markets/2026/07/23/bitmex-s-11-year-run-comes-to-an-end-notifies-users-it-is-ending-operations-in-by-sept-23","name":"CoinDesk: BitMEX's 11-year run comes to an end","type":"news_article","archive_url":"http://web.archive.org/web/20260811042120/https://www.coindesk.com/markets/2026/07/23/bitmex-s-11-year-run-comes-to-an-end-notifies-users-it-is-ending-operations-in-by-sept-23","credibility":2,"archive_timestamp":"2026-08-11T04:21:20+00:00"},{"url":"https://www.coindesk.com/business/2026/07/31/bitmex-sale-collapsed-as-buyers-balked-at-founder-ownership-and-shrinking-business","name":"CoinDesk: BitMEX sale collapsed as buyers balked at founder ownership and shrinking business","type":"news_article","archive_url":"http://web.archive.org/web/20260808143528/https://www.coindesk.com/business/2026/07/31/bitmex-sale-collapsed-as-buyers-balked-at-founder-ownership-and-shrinking-business","credibility":2,"archive_timestamp":"2026-08-08T14:35:28+00:00"},{"url":"https://cointelegraph.com/news/bitmex-crypto-derivatives-exchange-shut-down","name":"Cointelegraph: BitMEX crypto derivatives exchange shut down","type":"news_article","archive_url":"http://web.archive.org/web/20260730183451/https://cointelegraph.com/news/bitmex-crypto-derivatives-exchange-shut-down","credibility":2,"archive_timestamp":"2026-07-30T18:34:51+00:00"},{"url":"https://protos.com/bitmex-to-close-but-what-about-its-270m-insurance-fund/","name":"Protos: BitMEX to close, but what about its $270M insurance fund?","type":"news_article","archive_url":"http://web.archive.org/web/20260914050721/https://protos.com/bitmex-to-close-but-what-about-its-270m-insurance-fund/","credibility":2,"archive_timestamp":"2026-09-14T05:07:21+00:00"},{"url":"https://www.kucoin.com/blog/bitmex-to-shutdown-in-september-2026","name":"KuCoin: BitMEX to Shutdown in September 2026 — What Happens to Its $270M Insurance Fund?","type":"news_article","archive_url":"http://web.archive.org/web/20260913011047/https://www.kucoin.com/blog/bitmex-to-shutdown-in-september-2026","credibility":2,"archive_timestamp":"2026-09-13T01:10:47+00:00"},{"url":"https://crypto.news/bitmex-spent-two-years-seeking-buyer-before-shutdown/","name":"Crypto.news: BitMEX spent two years seeking buyer before shutdown","type":"news_article","archive_url":"http://web.archive.org/web/20260914130603/https://crypto.news/bitmex-spent-two-years-seeking-buyer-before-shutdown/","credibility":2,"archive_timestamp":"2026-09-14T13:06:03+00:00"},{"url":"https://www.financemagnates.com/cryptocurrency/bitmex-is-closing-but-the-perpetual-swap-is-just-getting-started/","name":"Finance Magnates: BitMEX is closing, but the perpetual swap is just getting started","type":"news_article","archive_url":"http://web.archive.org/web/20260726112353/https://www.financemagnates.com/cryptocurrency/bitmex-is-closing-but-the-perpetual-swap-is-just-getting-started/","credibility":2,"archive_timestamp":"2026-07-26T11:23:53+00:00"},{"url":"https://finance.yahoo.com/markets/crypto/articles/bitmex-exchange-announces-shutdown-ending-081039937.html","name":"Yahoo Finance: BitMEX Exchange Announces Shut Down, Ending 11-Year Run","type":"news_article","archive_url":"http://web.archive.org/web/20260724192726/https://finance.yahoo.com/markets/crypto/articles/bitmex-exchange-announces-shutdown-ending-081039937.html","credibility":2,"archive_timestamp":"2026-07-24T19:27:26+00:00"}],"source_tags":[],"addresses":[],"reviewed":false,"reviewed_by":null,"model_used":"claude-code-merge-writer","created_at":"2026-05-31T06:58:49.676673+00:00","updated_at":"2026-10-02T13:02:40.876948+00:00"},"source_quality":{"total":48,"tier1":10,"tier2":19,"tier3":0,"unrated":19},"follower_count":null,"content_updated_at":"2026-10-02T05:26:20.038Z","last_fact_checked_at":"2026-06-14T23:16:03.734Z","fact_check_next_allowed_at":null,"update_next_allowed_at":null}