BitMEX’s shutdown is now a $40.7M fight as plaintiffs claim 622.66 BTC was wrongly taken through forced liquidations.
Key takeaways
- 622.66 BTC is the number that turns BitMEX’s shutdown from an orderly wind-down into a fight over who controlled customer collateral when trades went wrong.
- The proposed class-action suit, filed by BKX Services and David Namdar in the U.S. District Court for the Southern District of New York, alleges BitMEX imp...
- BitMEX’s shutdown makes collateral the central battleground
- The timing is brutal for BitMEX. An exchange famous for inventing the perpetual swap is now being accused of designing liquidation mechanics that allegedly let...
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Canonical source: https://mlxio.com/crypto/bitmex-shutdown-lawsuit-btc
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