RATE Group | Sudden ‘Major’ Outage Sparks Serious Bitcoin Exchange Warning
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Sudden ‘Major’ Outage Sparks Serious Bitcoin Exchange Warning

20 May Sudden ‘Major’ Outage Sparks Serious Bitcoin Exchange Warning

Posted at 11:25h in Bitcoin News by

Bitcoin and cryptocurrency exchange BitMEX, once branded a “bitcoin casino,” has lurched from crisis to crisis over recent years.

The Seychelles-based bitcoin and crypto exchange, specialising in bitcoin derivatives, was last week hit with a lawsuit accusing it of market manipulation, among other illegal activities.

Now, as the bitcoin price makes another assault on $10,000 per bitcoin, a “major” BitMEX outage has prompted warnings the exchange is becoming increasingly unreliable.

MORE FROM FORBESThis Minor Cryptocurrency Is On Track To Smash Bitcoin In 2020By Billy Bambrough

BitMEX’s trading engine went offline on Tuesday for over an hour due an incident it described as a “major outage,” leaving users unable to access their funds.

“I’ve been warning people [about BitMEX] for…

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