Regulation· ★★★· neutral·

BitMEX Faces $26 Million Claim Over 1,053 Losing Bitcoin Trades

  • —The claim targets HDR Global Trading Limited, the company behind BitMEX
  • —Barber seeks 324.8 BTC, worth roughly $26.5 million at Oct. 14, 2026 rates
  • —It covers 1,053 losing perpetual swap trades from 2018 to 2022
  • —The FCA warned in March 2020 that BitMEX was operating without authorization
Why it matters: If the court voids the contracts, other UK traders could seek restitution for losses on unauthorized derivatives.
#BTC
Source: Bitcoin.com
More on this
Regulation · Oct 8
Michigan weighs bitcoin ATM ban as scam victims lose millions
 Markets · Oct 10
Bitcoin's weekend rebound faces $80,400 test after nearly $730 million in ETF outflows
 Markets · Oct 5
Bitcoin mining farm in Oklahoma loses 11 million liters of water, leaves city short