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BitMEX Hit With 623 BTC Lawsuit After Announcing Shutdown
Jul 24, 2026
< 1 min read
by Wayne Jones
for CryptoPotato
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A class action lawsuit filed by BKX Services Inc. and David Namdar accuses centralized exchange BitMEX of market manipulation and misappropriating nearly 623 BTC tied to forced liquidations. The litigation highlights crypto and CEX risk around exchange security, market integrity and potential regulatory scrutiny that could pressure BitMEX operations and token market impact.
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BKX Services Inc. and David Namdar have filed a class action lawsuit against BitMEX.
The plaintiffs accuse the exchange of market manipulation and misappropriating nearly 623 BTC due to forced liquidations.
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