1 week ago
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Key Takeaways
- Two customers allege that BitMEX liquidations cost them a combined 622.66 BTC.
- The proposed class action also claims that an internal trading desk used confidential customer information.
- BitMEX rejects the allegations and says it will defend the case.
- A similar case ended in 2025 without a ruling on the underlying liquidation claims.
BKX Services Inc. and trader David Namdar filed the complaint in the US District Court for the Southern District of New York on July 23.
The plaintiffs say they lost a combined 622.66 BTC through forced liquidations. BKX claims losses of at least 305.81 BTC, while Namdar alleges that he lost more than 316.85 BTC.
The defendants include BitMEX operator HDR Global Trading Limited, several related companies, co-founders Arthur Hayes, Benjamin Delo and Samuel Reed, and former executive Gregory Dwyer.
The filing opens a civil case but does not establish ...
English (US)