Traders are withdrawing 23,200 bitcoins (24 243 million) from the crypto derivatives exchange BTMX, according to data provider Glasnod. The allegations came after the CFTC issued charges against him yesterday and arrested his CTO.
This amount of bitcoin represents 13% of the amount of bitcoin held on the exchange – an estimated amount of 170,000 bitcoins (1.8 billion).
Glassnode added that this is the only large amount withdrawn from the Bitcoin exchange in a single hour.
Bitmax is an exchange that offers Bitcoin for up to 100x high-leverage trading. It is based in Seychelles and has low KYC requirements for its traders.
Like Decrypt The CFTC yesterday accused Bitmax of operating an unregistered trading platform, failing to impose anti-money laundering proceedings and other violations, the report said.
In a separate indictment released yesterday, U.S. The New York District Attorney also filed criminal charges against the owners of the exchange, Arthur Hayes, Ben Dello and Samuel Reid, for conspiracy to violate the Bank Secrecy Act and to violate the Bank Secrecy Act.
The Feds also arrested Gregory Dwyer, Jenny Twitter Bio Describes him as the head of business development at Bitmax. He was charged with one count of violating the Bank Secrecy Act, and one count of conspiracy to violate the Bank Secrecy Act.
Beatmex denied the allegations and said it would vigorously defend the allegations.
