BitMEX reconfigures the insurance fund, converting USDT and ETH assets into USD and depositing them into a partner bank account

ChainCatcher news, the encrypted trading platform BitMEX announced the reconfiguration of its insurance fund, converting USDT and ETH assets into US dollars and depositing them into a partner bank account.

This fund restructuring will not affect users' trading activities and will begin on September 28, 2023. During this period, there may be significant on-chain fund movements from BitMEX.