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British trader sues BitMEX claiming $26.5M in lost bitcoins over unauthorized crypto derivatives.

Market News
15 Oct 2026
Cointribune
View Source
Bearish
British trader sues BitMEX claiming $26.5M in lost bitcoins over unauthorized crypto derivatives.

A British engineer, Lewis Barber, has filed a lawsuit against BitMEX claiming 324.8 BTC (about $26.5 million) lost through 1,053 trades on crypto derivatives between 2018 and 2022. He argues BitMEX operated without proper UK Financial Conduct Authority authorization, making these contracts potentially unenforceable. The case could impact other UK traders who used BitMEX and raises questions about the legality of crypto derivatives in the UK. The High Court has yet to set a hearing date, and the outcome could influence future claims and regulatory enforcement in the crypto market.

The BitMEX lawsuit involving over 1,000 losses and 324.8 BTC claimed is the subject here. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 15, 2026 14:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 3 rose and 46 fell today. Notable movers include GRT at Rp425 with a -9.34% change and 29% sell order activity, ZIL at Rp57 with a -9.22% change and 1% sell order activity, and THETA at Rp3.371 with a -9.06% change and 0% sell order activity.

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