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BitMEX Sued for 623 BTC in Market Manipulation Lawsuit

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A class-action lawsuit has been filed against BitMEX, alleging market manipulation and misappropriation of funds. The plaintiffs, BKX Services Inc. and David Namdar, claim that nearly 623 BTC was taken from users due to forced liquidations.

The litigation raises concerns about exchange security, market integrity, and potential regulatory scrutiny that could impact BitMEX's operations and token market.

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