BITMEX SHUTS DOWN SEPT 23 AFTER FOUNDER PARDON

BitMEX, once a major derivatives trading platform, is winding down its business after years of regulatory scrutiny. The exchange's founders received presidential pardons in 2025 for their failure to implement anti-money laundering (AML) rules—violations that had drawn significant attention from U.S. authorities. The platform did not provide detailed reasoning for the shutdown timing, though the pardon resolution may have influenced the decision. BitMEX emphasized that user funds are secure during the transition period. The closure marks another chapter in crypto's ongoing tension with regulators over compliance standards. BitMEX previously settled with authorities over AML violations and other regulatory lapses. The September 23 deadline gives users time to withdraw assets before operations cease completely.