BitMEX Hit With $40M Lawsuit Over 623 BTC

Rickler Feed (@rickler_feed), Jul 24, 2026, 14:00 UTC

BitMEX Hit With $40M Lawsuit Over 623 BTC BKX Services and investor David Namdar have accused BitMEX of misappropriating 623 BTC (about $40M), alleging the exchange forcibly liquidated their positions and swept the remaining funds into its insurance fund. The lawsuit was filed in a New York court on the same day that BitMEX announced its upcoming shutdown. 👉 cointelegraph.com/news/bitmex-liquidation-fraud-lawsuit-shutdown

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