BitMEX sued for engineering customer liquidations to seize traders’ Bitcoin collateral

The lawsuit was filed the day BitMEX announced its shutdown. Lawsuit alleges excess Bitcoin collateral was retained. Plaintiffs claim losses totalling 622.66 BTC. BitMEX is facing fresh legal trouble after a class-action lawsuit accused the cryptocurrency derivatives exchange of deliberately engineering customer liquidations to take possession of traders’ Bitcoin collateral. The lawsuit was filed on […] The post BitMEX sued for engineering customer liquidations to seize traders’ Bitcoin collateral appeared first on CoinJournal.