The OG of 100x leverage, BitMEX, has officially announced its complete shutdown. Anyone who's played with contracts probably knows the name BitMEX. You might not have traded on it, but all the perpetual swaps, high leverage, and liquidation mechanisms you're using now? Yeah, they were all invented by this platform back in the day. This veteran that once dominated the entire derivatives era has officially spoken: you’ve got two months to close your positions. By September 23, the exchange will completely shut down its operations. From a daily trading volume of tens of billions of dollars, reigning supreme, to not even being able to sell itself, and now forced to shut its doors. Who was it that drove this once untouchable top dog to the brink?