Inside the mystery of BitMEX’s insurance fund

Protos Editorial

(06:17 PM UTC)

1 min read

Crypto exchange BitMEX is winding down with roughly $270 million sitting in a house insurance fund that customers now suspect its owners will simply keep.

The fund holds about $239 million worth of BTC and $31 million in USDT. A lot of that came from customers’ trading losses.

The exchange hasn’t disclosed where the money will go after its doors close on September 23 and BitMEX…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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