BitMEX stories

Jul 24, 2026

BitMEX Faces Class-Action Lawsuit for $60M Over Alleged Fraudulent Liquidations on Day of Shutdown Announcement

Cryptocurrency derivatives exchange BitMEX was hit with a proposed class-action lawsuit accusing it of engineering customer liquidations to seize 623 bitcoin (approximately $60 million) on the same day the platform announced it would shut down after 11 years of operation.

Jul 24, 2026·6 sources

Jul 23, 2026

BitMEX to Shut Down Crypto Derivatives Exchange After 11 Years, Ceasing Operations September 23

BitMEX, the pioneering cryptocurrency derivatives exchange that introduced 100x leverage perpetual swaps, announced it will permanently shut down on September 23, 2026, following a strategic review by parent company HDR Global Trading Limited. The platform has already halted new account registrations.

Jul 23, 2026·9 sources

Top claims

▪BitMEX's market share declined as liquidity and traders migrated to deeper venues like Binance and decentralized platforms like Hyperliquid, which became the second-largest perpetuals exchange by open interest.
▪The complaint alleges that an internal BitMEX trading desk had access to non-public customer information and could continue trading during server outages that locked out ordinary users.
▪The shutdown follows a leadership overhaul in July 2026 where Peter Wilkinson replaced Stephan Lutz as CEO, and CFO Ina Steiner and Chief Growth Officer Raphael Polansky left the company.

Topics

Crypto enforcement actions Crypto derivatives Landmark crypto cases Bitcoin

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