32,000 BTC have been withdrawn, can BitMEX hold on?

Editor's Note: This article comes fromGolden Finance, reprinted by Odaily with authorization.

Golden FinancebitcoinGolden Finance

, reprinted by Odaily with authorization.

According to data disclosed by Philip Gradwell, chief economist of blockchain analysis company Chainalysis, at 4:30 a.m. ET, just before the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission issued a report to cryptocurrency derivatives In less than 24 hours after exchange BitMEX operator HDR Global Trading Limited made the allegations, 32,000

bitcoin

Withdrawn from BitMEX, the current value is about $335 million.

However, the analysis data of encrypted data and analysis company CoinMetrics seems to be somewhat different. They said that the number of bitcoins withdrawn from BitMEX exceeded 37,000, currently worth about 387 million US dollars. Industry insiders say discrepancies between the two numbers (through Chainalysis and CoinMetrics) are common as different platforms have different data sources.

FBI Assistant Director William Sweeney said in a statement:

According to previously disclosed information, the three co-founders of BitMEX, Arthur Hayes, Ben Delo, and Samuel Reid, were accused of operating an unregistered trading platform and violating the Anti-Corruption Regulations of the US Commodity Futures Trading Commission. Money laundering and KYC (know your customer) regulations. The CFTC explained the allegations against BitMEX in detail:

“BitMEX designated its trading platform and facility for processing swap transactions as a contract market or a swap execution facility without the approval of the U.S. Commodity Futures Trading Commission, and also accepted Bitcoin as margin for digital asset derivative transactions. Additionally, BitMEX violated CFTC regulations by failing to implement KYC, customer information procedures, and anti-money laundering procedures.”

In addition to the CFTC charges, the U.S. Department of Justice also indicted Arthur Hayes, Ben DeLow, Samuel Reed, and Greg Dwyer for violating the U.S. Bank Secrecy Act, which A criminal proceeding is obviously much more serious. According to the lawsuit disclosed by the US Commodity Futures Trading Commission, the defendants in this case also include HDR Global Trading Limited, the parent company of BitMEX, 100x Holdings Limited, ABS Global Trading Limited, Shine Effort Inc Limited, and HDR Global Services (Bermuda) Limited.

FBI Assistant Director William Sweeney said in a statement:

“As we speak here today, the four defendants violated the Bank Secrecy Act by knowingly evading U.S. anti-money laundering requirements through the BitMEX cryptocurrency trading platform. As the defendants will soon learn, the accused Crimes are not something you can afford with some 'tropical fruit' and the penalties they will face include but are not limited to fines, restitution, and federal prison time."

(Jinjing Finance Note: William Sweeney mentioned "tropical fruit" because Arthur Hayes once boasted that he moved BitMEX registration to Seychelles, which is loosely regulated, because he wanted to avoid US regulators. Even clamoring that the Seychelles regulator can be bribed with the price of buying "coconuts", which is much less than bribing US officials)

Arthur Hayes, Ben DeLoe, Samuel Reid and Greg Dwyer could face up to five years in prison if convicted of the criminal charges.