BitMEX is facing a proposed class action in the Southern District of New York seeking the return of 622.66 BTC, valued at approximately $40.7 million. The complaint was filed on July 23, 2026 by BKX Services Inc. and David Namdar against HDR Global Trading Limited and several of its executives, including Arthur Hayes. The plaintiffs allege that the platform operated an internal trading desk with access to customer data that traded against users, while platform freezes contributed to forced liquidations. BitMEX plans to terminate operations on September 23, 2026, adding further urgency to the proceedings. It is important to note that these are allegations at the complaint stage and wrongdoing has not been proven.
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