BitMEX Faces UK Lawsuit Seeking $27M in Bitcoin
A UK lawsuit seeks the return of $27 million in Bitcoin from BitMEX, challenging derivatives trades and alleging deceit, according to Decrypt.
BitMEX has been sued in the UK in a claim seeking to recover $27 million in Bitcoin, Decrypt reported.
The case concerns 1,053 perpetual swap trades that resulted in losses between 2018 and 2022. The claim challenges the transactions on the grounds that the derivatives activity was unlicensed.
The lawsuit also alleges deceit by the exchange. The supplied report does not detail that allegation or provide a response from BitMEX.
Source: Decrypt
