British Software Engineer Sues Bitmex Over Illegal Derivatives Trading

Community Trust Score Verified 84 % Real Verified 19 votes Updated 1 hour ago A British software engineer wants $26.5 million back from Bitmex. Lewis Barber, based in Chelford, Cheshire, filed a High Court claim in London against HDR Global Trading Limited — the company behind the exchange — arguing the platform had zero legal authority to offer derivatives trading to UK customers. This legal challenge underscores the increasing scrutiny that crypto exchanges face regarding compliance with local regulations, particularly in jurisdictions like the UK where financial authorities are tightening rules around derivatives trading.