All around the world crypto owners are shocked to hear the big news. Arthur Hayes CEO of Bitmex was charged 10/1/2020 by the CFTC for violating Anti-Money laundering regulations. It is recommended that if you live in the United States of America and have a Bitmex account to withdraw all funds immediately. Bitmex has stated that they will fight the charges.
Upon hearing the news the price of Bitcoin dropped roughly $200 putting many crypto investors into a state of panic. Although we believe many crypto investors should remain calm and attempt to withdraw funds from Bitmex. There is also no sense in panicking if you do not currently hold funds at Bitmex.
Always remember the best way to hold your funds is in a hardware wallet instead of a centralized exchange. This is one of the only truly safe ways to store your cryptocurrency.
