All Funds Are SAFU: BitMEX Outage On Tuesday Due To Server Restart

The veteran Bitcoin margin trading exchange BitMEX went down for over an hour a few days ago. While the community speculated on several plausible reasons, BitMEX published a post today explaining what happened, how they can prevent similar occurrences in the future, and assuring that all customer funds are safe.

Why BitMEX Went Down

The platform “experienced unscheduled downtime” on May 19th between 12:00 UTC and 13:40 UTC. In the blog post from earlier today, BitMEX explained that it was “a result of an unexpected server restart.” Almost immediately, the teams of engineers and developers began working on it, and the company announced the issue to its customers minutes later.

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