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Bitcoin News says on X that Lewis Barber has sued BitMEX operator HDR Global Trading at London's Commercial Court, seeking 324.8 BTC, about $27.2m, over 1,053 losing perpetual trades between 2018 and 2022. He argues HDR lacked FCA authorisation for UK derivatives. BitMEX says the claim was filed but not served; the exchange closed in September.
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OdailyAIBearish
Lewis Barber sued BitMEX operator HDR Global Trading in the UK, claiming it offered crypto derivatives to UK investors without FCA authorisation and seeking about £20m in Bitcoin lost on 2018-2022 trades. The claim, now at London's Commercial Court, seeks 324.8 BTC, about $27.2m; BitMEX says it was filed…
Former BitMEX investor Lewis Barber has sued the exchange in the UK High Court for £20m, accusing it of offering crypto derivatives to UK investors without FCA authorisation. Barber says he lost Bitcoin worth about £20m trading derivatives between 2018 and 2022 and seeks its return or equivalent compensation.
RegulationOdailyAIBearish
Bitcoin News says on X that Lewis Barber has sued BitMEX operator HDR Global Trading at London's Commercial Court, seeking 324.8 BTC, about $27.2m, over 1,053 losing perpetual trades between 2018 and 2022. He argues HDR lacked FCA authorisation for UK derivatives. BitMEX says the claim was filed but not served; the exchange closed in September.
RegulationOdailyAIBearish
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