Bitcoin pumps and BitMEX rents world’s most expensive offices after users accuse it of scamming

Reports have emerged that BitMEX, a trading platform that offers leveraged trading for Bitcoin [BTC] and other cryptocurrencies, has rented the world’s most expensive offices. The offices in question were those on the 45th floor of the Cheung Hong Kong Center where prices are set at a record $28 per square foot, for a total of 20,000 square feet.

This is according to reports from the Hong Kong Economic Times, who quoted sources that they did not reveal. Reportedly, the firm had planned to take only half of the floor but then continued to take it. This is a move from their offices on the other side of the city, where prices were more than ten times less than their current office.

The building houses various big names in the financial space such as Goldman Sachs Group, Barclays, Bank of America, and the offices of Chinese billionaire and the 23rd richest person in the world, Li Ka-Shing.

This comes after various accusations that they pulled a scam earlier today after short positions were liquidated on the BitMEX platform due to a quick rise in Bitcoin’s price during scheduled maintenance. Bitcoin pumped all the way to $6900 on various exchanges before stabilizing at a price of $6600.

User Deadly Croc on Twitter was one of the many people that spoke up against the actions of BitMEX. He stated:

“It’s just robbery. Stop loss was not triggered and Tons of people got liquidated and limit buy orders at 6600 was triggered at top of 7k.”

User Karaban was also another one of the affected parties. He stated:

“My order was set at $6600, it triggered at 6999 because the website was down. I opened my ticket, please review it. I opened a large position. I saw it was at $6600 but it did not trigger it. Please help!!!”

User Hzr Sfr said:

“TY BITMEX, I lost %60 of my balance! THANK YOU!. U said ‘cancel-only mode’ bitmex. SO WHERE IS CANCEL BUTTON? U robbed people. That’s all.”

Elias Yami, a cryptocurrency analyst, stated on BitMEX’s “DDoS attack”:

“This might put a damper on the SEC’s decision to approve a Bitcoin ETF. Many of the affected parties are crying foul play, but even if the market was not manipulated, the fact is that 40% of Bitcoin’s trading volume takes place on one platform. This presents a worrying issue towards unprecedented market movements as seen today. They even mentioned that market manipulation was one of the issues leading to their rejection of the Winklevoss ETF.”