BitMEX Sued in UK for Return of $27M in Bitcoin Over Unlicensed Derivatives

BitMEX is being sued in the UK for the return of $27 million in Bitcoin tied to 1,053 loss-making perpetual swap trades made between 2018 and 2022. The claim also accuses the now-closed exchange of deceit over unlicensed derivatives. A trader would care because the case could set a precedent for how offshore crypto derivatives platforms are held accountable in UK courts, potentially increasing legal and regulatory risk for similar exchanges.