BitMEX Exchange Ceases Operations, Users Must Withdraw Balances Promptly

The BitMEX exchange has ceased operations as of today at 12:00 (UTC+8). User funds are secure, and login and withdrawal functions remain available. The platform advises users to withdraw their remaining funds as soon as possible, as deposits have been halted, and users are no longer allowed to transfer assets to BitMEX addresses. Balances left on the platform will incur monthly account fees, with users who have completed KYC being charged the higher of 1% annualized or an equivalent of $50. BitMEX previously announced the closure of the exchange in July.

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