According to The Guardian, HDR Global Trading Limited, the operator of the cryptocurrency exchange BitMEX, has been sued in the UK High Court by former investor Lewis Barber, who alleges that it sold cryptocurrency derivatives to UK investors without authorization from the UK Financial Conduct Authority (FCA), seeking damages of £20 million.
BitMEX Sued by Former Investor for £20 Million Over Unregulated Derivatives Sales
TechFlowShare
Summary
HDR Global Trading Limited, operator of BitMEX, is facing a £20 million lawsuit in the UK High Court from former investor Lewis Barber. The case alleges that the exchange offered unregulated crypto derivatives to UK clients without FCA approval. The lawsuit comes amid increasing regulatory scrutiny, including CFTC actions and the upcoming EU MiCA framework, which aim to strengthen oversight of digital asset markets.
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