Bitmex Faces $26 Million Claim Over 1,053 Losing Bitcoin Trades
Photo: Bitcoin.com News
A British software engineer wants 324.8 BTC back from Bitmex, claiming the cryptocurrency exchange had no legal authority to offer him derivatives trading in the United Kingdom. His demand, worth approximately $26 million using today’s exchange rates, targets more than 1,000 losing trades. Lewis Barber, a software engineer from Chelford, Cheshire, has reportedly filed a High Court claim in London against HDR Global Trading Limited, the Seychelles-incorporated company behind Bitmex. The Guardian and The Mirror reported on the proceedings, which challenge the legality of derivatives transactions conducted between 2018 and 2022.
Also reported by CoinTurk News, Finance Magnates.
Source: Bitcoin.com News
