BitMEX Responds: Investigation Underway as Bitcoin Spot “XBT/USDT” Plummets to $8,900
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BitMEX Bitcoin Price Falls to $8,900
BitMEX: Investigation Underway, Withdrawals Not Disabled
BitMEX Bitcoin Price Falls to $8,900
Data shows that the spot trading pair XBT/USDT on BitMEX fell to $8,900 (-86.73%) at 06:30 Taiwan time on March 19.
It took about half an hour for the price to recover to $65,000 level.
XBT/USDT Weekly Chart | BitMEX
BitMEX: Investigation Underway, Withdrawals Not Disabled
Twitter user @syq pointed out that multiple traders sold over 400 BTC in batches of 10-50 within two hours, causing a slippage of over 30% and BitMEX has temporarily suspended user withdrawals.
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In response, BitMEX explained that withdrawals have not been disabled for all users, but only for a few accounts under investigation.
BitMEX
Reply
stated:
We are currently investigating abnormal activity of large sell orders on the BTC spot market in the past few hours. This will not affect any derivative markets on BitMEX nor the index price of XBT derivative contracts. The trading platform is operating normally, and all funds are safe.
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XBT
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