Bitmex Faces $26 Million Claim Over 1,053 Losing Bitcoin Trades
A British software engineer wants 324.8 BTC back from Bitmex, claiming the cryptocurrency exchange had no legal authority to offer him derivatives trading in the United Kingdom. His demand, worth approximately $26 million using today’s exchange rates, targets more than 1,000 losing trades. British Trader Challenges Four Years of Bitcoin Losses Lewis Barber, a software […]
A British software engineer, Lewis Barber, is seeking 324.8 BTC (about $26 million) from Bitmex, arguing the exchange lacked legal authority to offer him derivatives trading in the UK. The claim covers 1,053 losing bitcoin trades over roughly four years. While the amount is small relative to Bitmex's historical volumes, the case raises legal-risk questions about offshore exchanges serving UK retail traders, which could weigh on sentiment toward derivative platforms.
