{"id":13672,"date":"2026-09-24T14:12:56","date_gmt":"2026-09-24T14:12:56","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13672"},"modified":"2026-09-24T14:12:56","modified_gmt":"2026-09-24T14:12:56","slug":"bitmex-opens-fund-recovery-to-customers-it-previously-barred-from-the-platform","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13672","title":{"rendered":"BitMEX opens fund recovery to customers it previously barred from the platform"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>BitMEX has opened withdrawal access to customers in six jurisdictions previously barred from using the exchange after ending operations this week.<\/p>\n<p>On Sept. 24, the crypto derivatives platform said users in the United States, Canada, Hong Kong SAR, Bermuda, Seychelles and Myanmar can now log in, complete identity verification where required and withdraw funds remaining in their accounts.<\/p>\n<p>Those markets had previously been classified as restricted jurisdictions, preventing customers there from accessing BitMEX trading services. The company has lifted those restrictions solely to facilitate fund recovery following its Sept. 23 shutdown.<\/p>\n<p>The change gives former customers who were locked out because of their location a direct route to assets left on the platform as BitMEX winds down its operations. Users whose accounts were previously blocked on jurisdictional grounds can sign in with their existing credentials, complete know-your-customer checks and submit withdrawal requests.<\/p>\n<p>Customers who still cannot access their accounts have been directed to contact BitMEX support.<\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-565474\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-d6baa682-1034-4b17-bdd0-ac5c069b0479.png\" alt=\"Flowchart: Eligible former BitMEX users in the US and Canada can complete KYC and request a web withdrawal after trading ended; sanctions restrictions, minimums, network fees and account fees may apply.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-d6baa682-1034-4b17-bdd0-ac5c069b0479.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-d6baa682-1034-4b17-bdd0-ac5c069b0479-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-d6baa682-1034-4b17-bdd0-ac5c069b0479-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-d6baa682-1034-4b17-bdd0-ac5c069b0479-768x960.png 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\"\/><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter wp-image-565474\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-d6baa682-1034-4b17-bdd0-ac5c069b0479.png\" alt=\"Flowchart: Eligible former BitMEX users in the US and Canada can complete KYC and request a web withdrawal after trading ended; sanctions restrictions, minimums, network fees and account fees may apply.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-d6baa682-1034-4b17-bdd0-ac5c069b0479.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-d6baa682-1034-4b17-bdd0-ac5c069b0479-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-d6baa682-1034-4b17-bdd0-ac5c069b0479-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-d6baa682-1034-4b17-bdd0-ac5c069b0479-768x960.png 768w\" data-sizes=\"(max-width: 720px) 100vw, 720px\"\/><\/p>\n<p>The withdrawal-only exemption follows BitMEX\u2019s decision to cease exchange operations at 04:00 UTC on Sept. 23, ending an 11-year run for one of crypto\u2019s best-known derivatives venues. The exchange has continued to operate account and withdrawal infrastructure while urging customers to remove remaining balances.<\/p>\n<p>The policy distinguishes between jurisdictions BitMEX previously restricted for commercial or regulatory reasons and territories still covered by sanctions.<\/p>\n<h2>BitMEX users in sanctioned regions face extra precautions<\/h2>\n<p>Customers in Cuba, Iran, North Korea and several Russian-occupied regions of Ukraine remain restricted, as do other users covered by applicable sanctions rules.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining The Catalyst\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Catalyst <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">What\u2019s moving crypto. Why it matters.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Get CryptoSlate\u2019s essential stories and what to watch next.<\/p>\n<p>  <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" viewbox=\"0 0 16 16\" aria-hidden=\"true\" focusable=\"false\"> <path d=\"M15 3.604H1v1.891h14v-1.89ZM1 7.208V16l7-3.926L15 16V7.208zM15 0H1v1.89h14z\"\/> <\/svg> <span>Published on Substack<\/span> <\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Seven days a week. Unsubscribe anytime.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<div class=\"cs-inline-newsletter__success\" role=\"status\" aria-live=\"polite\" aria-atomic=\"true\" tabindex=\"-1\"> <span class=\"cs-inline-newsletter__success-icon\" aria-hidden=\"true\"\/><\/p>\n<div>\n<h3 class=\"cs-inline-newsletter__success-title\">Check your inbox.<\/h3>\n<p class=\"cs-inline-newsletter__success-copy\">Your signup request was sent. If confirmation is required, follow the email from Substack.<\/p>\n<p class=\"cs-inline-newsletter__success-hint\">Look in spam or promotions if you don\u2019t see it.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>BitMEX said withdrawals from those accounts remain subject to compliance checks rather than the broader reopening granted to the six previously restricted markets.<\/p>\n<p>Some users can still apply for access under narrower exceptions.<\/p>\n<p>Iranian nationals living outside Iran who are not subject to US, United Nations or European Union sanctions may request withdrawals after providing evidence that they reside elsewhere. BitMEX said it will review those applications individually.<\/p>\n<p>Russian nationals living in the European Union or Switzerland can also seek access by providing documents proving residence, such as recent utility bills, bank statements or government correspondence.<\/p>\n<p>Still, all withdrawals remain subject to monitoring.<\/p>\n<p>The policy change shifts BitMEX\u2019s remaining operational focus toward returning assets to customers who may have been unable to access them under the exchange\u2019s earlier geographic restrictions.<\/p>\n<p>The company has also warned users not to send new deposits to BitMEX addresses because it no longer credits incoming funds. Users can withdraw existing balances through the web platform, subject to asset minimums and network fees.<\/p>\n<p>Funds that remain on the exchange may also begin attracting account charges as the wind-down progresses, giving customers an incentive to complete withdrawals rather than leave balances behind.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Traders start losing control of open positions as BitMEX begins its staged shutdown<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>Founded in 2014 by Arthur Hayes, Ben Delo and Samuel Reed, BitMEX grew into a major crypto derivatives venue and helped propel perpetual futures into one of the industry\u2019s dominant trading products. Notably, crypto venture firm a16z described it as \u201cone of crypto\u2019s biggest markets,\u201d with crypto exchanges clearing $86.2 trillion in perp volume last year.<\/p>\n<p>However, regulatory pressure increasingly shaped the sector pioneer&#8217;s later years.<\/p>\n<p>The exchange pleaded guilty in 2024 to violating the US Bank Secrecy Act and agreed to pay $100 million in penalties. President Donald Trump pardoned the platform&#8217;s founders, including Hayes, Delo, and Reed, in March 2025.<\/p>\n<\/div>\n<p>Derivatives,Exchanges,Featured,Trading,bitmex,ethereum,stablecoins,Tether,USDCbitmex,ethereum,stablecoins,Tether,USDC#BitMEX #opens #fund #recovery #customers #previously #barred #platform1790259176<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMEX has opened withdrawal access to customers in six jurisdictions previously barred from using the exchange after ending operations this week. On Sept. 24, the crypto derivatives platform said users in the United States, Canada, Hong Kong SAR, Bermuda, Seychelles and Myanmar can now log in, complete identity verification where required and withdraw funds remaining<\/p>\n","protected":false},"author":1,"featured_media":13673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[3895,5653,410,31,489,815,1177,7107,662,282,218,1582],"class_list":["post-13672","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-barred","tag-bitmex","tag-customers","tag-ethereum","tag-fund","tag-opens","tag-platform","tag-previously","tag-recovery","tag-stablecoins","tag-tether","tag-usdc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitMEX opens fund recovery to customers it previously barred from the platform - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"BitMEX users in six restricted jurisdictions can now access accounts for withdrawals after the derivatives exchange shut down.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=13672\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMEX opens fund recovery to customers it previously barred from the platform\" \/>\n<meta property=\"og:description\" content=\"BitMEX users in six restricted jurisdictions can now access accounts for withdrawals after the derivatives exchange shut down.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=13672\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-24T14:12:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/bitmex-locked-exit.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13672\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=13672\",\"name\":\"BitMEX opens fund recovery to customers it previously barred from the platform - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13672#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13672#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/bitmex-locked-exit.webp\",\"datePublished\":\"2026-09-24T14:12:56+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"BitMEX users in six restricted jurisdictions can now access accounts for withdrawals after the derivatives exchange shut down.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13672#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=13672\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13672#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/bitmex-locked-exit.webp\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/bitmex-locked-exit.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13672#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BitMEX opens fund recovery to customers it previously barred from the platform\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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