BitMEX: Sorry, we failed But the reality is, the founders now have a net worth of $300 million, the exchange's reserve ratio is 102%, and yesterday they dumped a large amount of platform tokens, causing the token to crash by 99% and taking advantage of the situation to cash out. The real reason for shutting down the exchange is likely the difficulty of user growth during the bear market. The exchange's profit and loss ratio has reached a critical point, so instead of losing money moving forward, it's better to shut down completely.