BitMEX Shutdown Tied to 'Fatal Mistakes' - Bitcoin Foundation Blames Errors

The Bitcoin Foundation has attributed the shutdown of BitMEX to three 'fatal mistakes' made by the crypto giant.

No specific details were provided in the source, but it's clear that the foundation believes these errors led to the demise of a major player in the market.

A bad gateway error on July 23rd, 2026 at 11:18 UTC was reported by Cloudflare, and the Bitcoin Foundation is likely using this as evidence to support their claims.