BitMEX: Shuts Down Operations September 2026

BitMEX will cease all operations at 04:00 UTC on 23 September 2026 after a strategic review, ending an 11-year run that began with the invention of 100x perpetual swaps in 2014. CZ noted the platform's early BTC-only deposits and daily multi-sig withdrawals shielded it from hacks while delivery futures forced frantic Fridays, yet four founders still faced BSA charges, each paying $10m fines plus home confinement without prison time. Their business collapsed under sustained pressure from the prior administration's crypto stance, though the current wind-down lets traders exit cleanly with full asset control intact.