October 2, 2020 $337M withdrawn from BitMEX following charges.

A total of 32,200 BTC, currently worth around $337M, has been withdrawn from BitMEX following yesterday’s announcement of charges against the exchange’s owners by the CFTC and SDNY. It is expected that such mass withdrawals will continue today at the exchange’s specified user withdrawal time of 13:00 UTC. Arthur Hayes and others have been charged with operating an unregistered exchange and failing to implement KYC and AML procedures.