BitMEX hit with 623 BTC lawsuit on day it announces shutdown

CoinTelegraph·

BitMEX hit with 623 BTC lawsuit on day it announces shutdown

60-second summary

BitMEX is facing a 623 BTC lawsuit, alleging the exchange used privileged trading access and server freezes to profit from forced liquidations on the same day it announced its shutdown. The lawsuit claims BitMEX exploited its users, causing significant financial losses.

The proposed class action alleges BitMEX used privileged trading access and server freezes to profit from forced liquidations.