18,000 Bitcoin (BTC) Shifted To BitMEX

Approximately 18,000 Bitcoins (BTC) were recently transferred to a wallet believed to be linked to BitMEX, a large cryptocurrency derivatives trading platform. The total value of these coins is currently over $114 million, according to data from CryptoCompare.

Seventeen different crypto wallets were involved in this large BTC transfer, with the first transaction taking place at 4:50 AM New York time. While only 10 BTC were moved to the BitMEX-associated wallet in the first transaction, 16 other crypto wallets transferred a total of 17,990 BTC to BitMEX’s wallet in less than half an hour after the first BTC transfer.