Case summary
What happened
BitMEX announced EARN on 2021-11-30 as a fixed-term interest-bearing product. Later first-party notices expanded the product set. Historical marketing described EARN as backed by the BitMEX insurance fund, but CYA preserves that only as an operator claim and does not treat it as independent proof of solvency, segregation, enforceability or guaranteed repayment.
Customer result
Customer outcome
Not applicable
No platform-wide failure or recovery process is established in the reviewed authority. Historical principal-plus-interest terms are not treated as proof of universal repayment performance.
- Estimated recovery
- Not applicable
- Repayment started
- —
- Repayment completed
- —
- Confidence
- Medium
Asset treatment
Terms risk
Platform-owned
Historical insurance-fund and guaranteed-return wording remains operator marketing language. Platform-owned classifies legal/counterparty structure, not solvency, principal guarantee, enforceable insurance or universal historical repayment. Current EARN operating status remains unresolved.
- Affected product
- BitMEX EARN
- Confidence
- High
BitMEX's Terms of Service explicitly include BitMEX EARN within the defined Services and state that users transferring digital assets to BitMEX deposit addresses transfer all right, title and interest in those assets to the Company. Account balances are BitMEX book-record balances rather than user wallets. Service-specific terms may supplement or prevail if they conflict, so CYA records operator ownership/counterparty exposure without inferring EARN-specific segregation, insurance enforceability or insolvency priority beyond reviewed authority.
Known unknowns
Uncertainty
Current product operation is unresolved. Published APRs are issuer terms, not independently verified realized returns. Insurance-fund backing is recorded only as an operator claim.
Chronology
Historical record
BitMEX launches EARN
BitMEX announced EARN as a fixed-term interest-bearing USDT product on 2021-11-30.
First-party launch authority. Current operational status remains unresolved in the 2026-08-22 review pass.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
launch date
1 sourcesIntroducing BitMEX EARN
BitMEX · 2021-11-30
First-party launch authority for BitMEX EARN and fixed-term USDT products. Historical insurance-fund backing language is treated only as an operator claim.
terms risk
3 sourcesIntroducing Our Two New BitMEX EARN Products
BitMEX · 2022-01-04
First-party product notice documenting additional fixed-term USDT EARN products, subscription windows, maturity dates and issuer-advertised APRs. APRs remain product terms rather than verified realized returns.
Earn Interest on Bitcoin with BitMEX EARN
BitMEX · 2022-01-18
First-party product notice documenting XBT and USDT EARN support, lock-up periods and principal-plus-interest maturity mechanics. Historical insurance-fund backing and guaranteed-return language remain operator marketing claims, not independent proof of solvency, enforceability or universal repayment.
BitMEX Terms of Service — June 2025
BitMEX · 2025-06-01
First-party Terms of Service explicitly include BitMEX EARN within the defined Services. The deposit terms require users to transfer all right, title and interest in deposited digital assets to BitMEX, with account balances represented on BitMEX books rather than as user wallets. Service-specific terms may supplement or prevail in a conflict, so this evidence supports platform ownership/counterparty exposure without asserting EARN-specific segregation, insurance enforceability or insolvency priority beyond the reviewed terms.
No evidence records match the current filters.
Comparative records