UK Software Engineer Sues BitMEX for Return of $27M in Bitcoin
- Lewis Barber is suing the operator of BitMEX for the return of 324.8 BTC, valued at approximately $27.2 million.
- Barber alleges BitMEX traded with him without authorization from the UK’s Financial Conduct Authority.
- The claim involves around 2,294 trades conducted between 2018 and 2022, challenging the legality of those that resulted in losses.
- BitMEX has not yet been formally served with the claim, according to reports.
- A proposed class action in New York also accuses BitMEX of theft and insider trading.
Lewis Barber’s lawsuit against HDR Global Trading, operator of BitMEX, seeks the return of significant Bitcoin holdings due to alleged unauthorized trading activities in the UK. The case highlights potential regulatory breaches by BitMEX under UK financial laws.
This legal action could pave the way for similar claims from other UK traders potentially affected by unauthorized trades on BitMEX. (Source)
