BitMEX sued for £20M by ex-investor over unlicensed UK derivatives
- —Claim filed in London's High Court for £20 million
- —Barber traded BitMEX derivatives between 2018 and 2022
- —Plaintiff says BitMEX lacked FCA authorization
- —He seeks return of bitcoin or equivalent compensation
Why it matters: The case could set a precedent for offshore exchanges' liability when serving UK clients without FCA authorization.
Source: PANews