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BitMEX sued for allegedly profiting from customer Bitcoin liquidations

Covered by 2 sources · 2 articles

2 outlets - including Coinjournal and Crypto - are covering this story. The lawsuit was filed the day BitMEX announced its shutdown. Lawsuit alleges excess Bitcoin collateral was retained. Plaintiffs claim losses totalling 622.66 BTC. BitMEX is facing fresh legal trouble after a class-action lawsuit accused the…

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BitMEX sued for engineering customer liquidations to seize traders’ Bitcoin collateral
CoinJournal Jul 24, 18:16 UTC

BitMEX sued for engineering customer liquidations to seize traders’ Bitcoin collateral

The lawsuit was filed the day BitMEX announced its shutdown. Lawsuit alleges excess Bitcoin collateral was retained. Plaintiffs claim losses totalling 622.66 BTC. BitMEX is facing fresh legal trouble after a class-action lawsuit accused the…

BitMEX sued for allegedly profiting from customer Bitcoin liquidations
Crypto.news Jul 24, 06:57 UTC

BitMEX sued for allegedly profiting from customer Bitcoin liquidations

BitMEX has been hit with a proposed class action lawsuit in the United States accusing the cryptocurrency derivatives exchange of engineering customer liquidations that allegedly allowed it to retain hundreds of Bitcoin before its planned S…