BitMEX, one of the largest crypto derivative exchanges, experienced an access outage. The price of Bitcoin was cut to $ 9,500, with the discontinuation of about 1.5 hours. The exchange has been inaccessible for more than half an hour from the minute the news was published.

In the statement made by the stock exchange, it was stated that the platform’s trading engine collapsed and efforts were made to return to normal operation as soon as possible. The statement also said, “We apologize for any inconvenience this may cause. We are investigating the cause of the problem and will make a statement as soon as possible. ” expressions were used. In the stock exchange, $ 2.4 billion in the last 24 hours has been traded.

A second statement from BitMEX, about an hour later, said:

“We are working to bring the platform back online as soon as possible. All funds are safe. Delayed orders will be rejected and no liquidation will be carried out during the interruption period. When you go back online, users will be given a cancellation period. ”

BitMEX was temporarily closed during the major March 12 crash, when Bitcoin hit $ 3700. In a later statement, it was said that the stock exchange was undergoing an intense DDoS attack at that time.

Reopened after 1.5 hours

BitMEX’s going offline suddenly caused panic in investors and traders, while Bitcoin price also fell. The largest cryptocurrency with its market value was withdrawn from $ 9750 to $ 9550 in almost the same minutes as BitMEX was offline. Bitcoin is bought and sold at $ 9600 at the time of release.

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It took about 1.5 hours for the stock market team to resolve the problems. Trading was restarted as of 16.40.

Fraud, money laundering charges

BitMEX has been coming up frequently in the last period. The platform, which has been number one in the field of derivatives in cryptocurrency for a long time, has recently lost its place to new competitors such as OKEx and Binance. The stock market is also often referred to by lawsuits filed against it. According to a recent development and news we have reported, in a lawsuit filed against BitMEX in the USA, he broke the stock market, laundered money, etc. charges are filed.

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