BitMEX Hit with Proposed Class Action Seeking Return of 622 BTC

BitMEX is facing a proposed class action lawsuit in the Southern District of New York seeking the return of 622.66 BTC, valued at roughly $40.7 million.

The plaintiffs claim BitMEX operated an internal trading desk that had access to customer data and traded against users, while platform freezes allegedly contributed to forced liquidations.

The case is listed under No. 1:26-cv-06259 and was filed on July 23, 2026, by BKX Services Inc. and David Namdar against HDR Global Trading Limited, Arthur Hayes, Benjamin Delo, Samuel Reed, and Gregory Dwyer.