BitMEX is facing a claim from former investors for £20 million: accused of providing derivatives to UK users without authorization

According to The Guardian, former BitMEX investor Lewis Barber has filed a lawsuit in the High Court of England, claiming £20 million, accusing the exchange of offering cryptocurrency derivatives to UK investors without authorization from the Financial Conduct Authority (FCA).

Barber stated that he traded derivatives offered by BitMEX from 2018 to 2022 and incurred losses of approximately £20 million in Bitcoin, now seeking the return of the relevant Bitcoin or equivalent compensation.