$420 Million in Bitcoin Flees BitMEX Following Federal Charges

[MRM]

Bitcoin continues to flow out of the Seychelles-based cryptocurrency exchange BitMEX as the company vows to vigorously fight allegations of money laundering.
The Bitcoin exodus from BitMEX continued Friday afternoon as traders continued to withdraw funds from the world’s fifth-largest crypto derivatives exchange. The move follows a series of charges laid out against the firm by federal prosecutors in New York.

Updated figures from analytics firm Glassnode shows that traders have withdrawn almost double the amount Decrypt reported earlier this morning, for a total of nearly 40,000 BTC since the case was announced Thursday. That’s around $420 million worth of Bitcoin at today’s prices.
Source: https://decrypt.co/43787/420-million-bitcoin-flees-bitmex-federal-charges