BitMEX sued for £20 million over Bitcoin losses

Cryptocurrency exchange BitMEX has been named in a £20 million lawsuit filed by British software engineer Lewis Barber, who alleges the company offered unauthorized derivatives trading to UK customers between 2018 and 2022. BitMEX faces a £20 million lawsuit from British software engineer Lewis Barber over cryptocurrency trading losses. Barber alleges BitMEX offered regulated derivatives without authorization from Britain's Financial Conduct Authority during trading activities. The claim seeks Bitcoin lost between 2018 and 2022, relying on UK financial services legislation. BitMEX said the legal claim had not been served on its operating company, HDR Global. U.S.