BitMEX Faces 623 BTC Lawsuit on Shutdown Announcement Day
BitMEX is facing a new US class action lawsuit that accuses the crypto derivatives exchange of engineering forced liquidations in order to take traders’ Bitcoin collateral. The complaint, filed in federal court in New York on Thursday by BKX Services Inc. and David Namdar, alleges losses of more than 622 BTC across the plaintiffs caused by liquidation events they say were improperly triggered and timed.