Bitmex Faces UK Trader’s Claim for 324.8 BTC Over Trading Losses
A British software engineer is seeking roughly $26 million from Bitmex, alleging it lacked legal authority to provide him with derivatives trading in the UK.
British software engineer Lewis Barber is seeking the return of 324.8 BTC from cryptocurrency exchange Bitmex, according to Bitcoin.com News. The report valued the demand at approximately $26 million.
Barber alleges that Bitmex was not legally entitled to offer him derivatives trading in the United Kingdom. His claim targets losses from 1,053 bitcoin trades over four years.
The demand seeks to recover those trading losses on the basis of the exchange’s alleged lack of authorization. The supplied report excerpt does not include a response from Bitmex or an outcome for the claim.
Source: Bitcoin.com News
