Lewis Barber has filed a claim in the London Commercial Court against HDR Global Trading, the operator of BitMEX, seeking 324.8 BTC, or about $27.2 million. According to a post by Bitcoin News on X, the case centers on 1,053 losing perpetual contracts trades made between 2018 and 2022. Barber argues that HDR Global Trading was not authorized by the UK Financial Conduct Authority to provide derivatives services in the UK, and that the trades in question therefore should not be enforceable. BitMEX said the claim has been submitted but has not yet been served. The exchange also said it had shut down in September.
Lewis Barber has filed a lawsuit in the London Commercial Court against HDR Global Trading, the operator of BitMEX, seeking 324.8 BTC, worth about $27.2 million, according to a post from Bitcoin News on X.
The claim covers 1,053 losing perpetual contracts trades between 2018 and 2022. Barber argues that HDR Global Trading was not authorized by the UK Financial Conduct Authority, or FCA, to provide derivatives services in the UK, and that the related trades therefore should not be enforceable.
BitMEX said the claim has been submitted but has not yet been served. The exchange also said it had closed in September.
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