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BitMEX Transfers $24 Million Worth of Bitcoin Ahead of Shutdown

Guavy AI Editorial Team
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BTC
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BitMEX has continued its pattern of transferring funds from cold to hot storage in preparation for customer redemptions following the September 23, 2026 shutdown announcement.

The exchange transferred 367.65 BTC worth $23.92 million from its bc1qchctnvmdva5z9vrpxkkxck64v7nmzdtyxsrq64 cold wallet to hot storage four hours ago.

This move is part of the withdrawal process that began last month, allowing BitMEX to position liquidity without disrupting derivatives operations.

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