Former BitMEX investor Lewis Barber has filed a lawsuit in the UK High Court seeking £20 million, alleging that BitMEX offered cryptocurrency derivatives to UK investors without authorization from the Financial Conduct Authority, or FCA. According to the claim, Barber traded derivatives offered by the exchange between 2018 and 2022 and lost bitcoin worth about £20 million during that period. He is now asking for the return of the relevant bitcoin or compensation equal to that amount. The case centers on whether the platform provided those products to UK users without the required regulatory approval. The filing, as cited by Odaily, places both the alleged lack of FCA authorization and the scale of the claimed losses at the center of the dispute.
Former BitMEX investor Lewis Barber has taken BitMEX to the UK High Court, asking for £20 million and claiming the company offered cryptocurrency derivatives to UK investors without authorization from the Financial Conduct Authority (FCA).
Barber said he traded derivatives offered by BitMEX from 2018 to 2022 and lost bitcoin worth about £20 million. He wants the relevant bitcoin returned, or compensation for the same amount.
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