Bitcoin (BTC) prices have recently appeared ‘beautiful’ and ‘calm’. However, the sky is not always beautiful when the digital asset records a loss of more than $ 400!
Previously, BTC had traded at a price of almost $ 10,900 before declining around $ 10,480.
Omg! What happened?
The US Commodity and Futures Trading Commission (CFTC) has charged the founder of BitMEX, a cryptocurrency derivative exchange platform including Bitcoin for illegally operating a cryptocurrency derivatives trading platform and violating anti-money laundering acts.
The CFTC has reportedly detained five organizations and three individuals controlling the BitMEX trading platform, including company owners Arthur Hayes, Ben Delo and Samuel Reed.
U.S. attorneys for New York County have indicted Reed, Delo and Hayer, including Gregory Dwyer on charges of violating the Bank Secrets Act and conspiracy to violate the same act.
It should be noted that there are a total of BTC worth around $ 2 billion in BitMEX. This news certainly brings concern to investors, considering the extent to which the value of the currency will fall, depending on the resolution of the case.
A $ 400 million security insurance fund was also raised in a report following Reed, as CTO was arrested.
