A UK software engineer, Lewis Barber, has filed a claim in London's High Court against BitMEX's operator, HDR Global Trading Limited, seeking about $27 million in Bitcoin lost on 1,053 perpetual swap trades made between 2018 and 2022. Barber argues that BitMEX operated without FCA authorization, making the trades void and entitling him to restitution. This lawsuit follows BitMEX's recent closure and could lead to similar claims from other UK users, potentially exposing the company to hundreds of millions in liabilities. The case is in early stages, and BitMEX has not yet responded to the claim.
The BitMEX lawsuit in the UK over $27 million in Bitcoin provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's market snapshot as of Oct 14, 2026 16:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 13 rose and 36 fell today. Notable movers include XTZ (Tezos) at Rp5.625 with a -6.22% change and 82% sell order activity, SAND (The Sandbox) at Rp1.030 with a -4.88% change and 90% buy order activity, and COTI at Rp221 with a -4.52% change and 75% buy order activity.
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