UK Lawsuit Targets BitMEX for $27 Million in Bitcoin Linked to Unlicensed Derivatives
Photo: TheCoinrise
A UK lawsuit seeks the return of bitcoin from the crypto exchange, alleging it offered derivatives products without proper authorization. BitMEX has been sued in the United Kingdom in a case seeking the return of bitcoin valued at approximately $27 million. The lawsuit alleges the exchange facilitated derivatives trading without holding the proper authorization required under UK law. The legal action places renewed attention on how offshore crypto exchanges interact with UK-based customers. Derivatives trading is among the most heavily regulated corners of financial markets worldwide, and the UK has applied particular scrutiny to crypto-linked products in recent years.
Source: TheCoinrise
