BitMEX Faces Class Action Alleging Retention of 622.66 BTC via Forced Liquidations

Plaintiffs accuse BitMEX of manipulating leverage to trigger liquidations and withhold 622.66 BTC owed to traders, filing suit in New York.

Woofun AI reports that BitMEX is subject to a proposed class action lawsuit filed by BKX Services Inc. and David Namdar in the Southern District Court of New York. The plaintiffs allege that the exchange engineered leverage positions to compel liquidations, resulting in the retention of 622.66 BTC that should have been distributed to traders.