BitMEX Sued in UK for $27M Over Unlicensed Crypto Derivatives
Key Facts
BitMEX is facing a lawsuit in the United Kingdom seeking the recovery of $27 million in Bitcoin over the provision of unlicensed derivatives. Crypto Briefing reported that a UK software engineer filed the claim in London’s High Court against HDR Global Trading Limited, the operator of the exchange, seeking to void 1,053 losing perpetual swap trades.
The legal action alleges that BitMEX conducted regulated investment activities in the UK without the necessary authorization from the Financial Conduct Authority (FCA). This filing follows the exchange's cessation of trading on September 23, 2026, with the claimant arguing that the contracts should be treated as void because the platform was not legally permitted to offer such products to UK users.
Latest Updates · 1
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Update: Legal filings in London's Commercial Court have specified the claim amount as 324.8 Bitcoin (BTC). This detail clarifies the exact volume of cryptocurrency at stake in the litigation against HDR Global Trading Limited regarding the voiding of trades.