Cryptocurrency24 Jul 2026SEO 801 min read

Analysis: BitMEX faces proposed class-action suit for theft, insider trading as crypto ex…

The complaint claims BitMEX designed a system to retain customer collateral and alleges an internal desk accessed private user data during server freezes. BitM…

The complaint claims BitMEX designed a system to retain customer collateral and alleges an internal desk accessed private user data during server freezes. BitMEX is facing a proposed class-action lawsuit from BKX Services and David Namdar, who allege unfair liquidations and the withholding of collateral. The complaint, which cites 622.66 BTC ($40.7 million) allegedly owed to the plaintiffs, says BitMEX designed a system to retain customer collateral and says an internal desk accessed private us…

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