BitMEX is facing fresh legal turmoil just as the exchange announces its impending closure. A new class-action lawsuit claims the platform manipulated its internal systems to disadvantage retail traders.
The plaintiffs allege that the exchange leveraged privileged internal access to trigger forced liquidations. According to the filing, BitMEX utilized deliberate server freezes to prevent users from defending their positions, resulting in approximately 623 BTC in damages.
Legal representatives for the claimants argue that these practices were not isolated glitches but rather a structured strategy to harvest trader assets. The accusations target the exchange's core operational integrity during periods of high market volatility.
The litigation comes at a precarious time for the platform, which had already signaled its intent to cease services. As the legal battle unfolds, the focus remains on whether these allegations of market manipulation will hold weight in court during the winding-down process.
