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BitMEX Sued in UK for Return of Bitcoin
A British software engineer is suing BitMEX, the now-closed crypto derivatives exchange, for the return of 324.8 BTC, worth about $27.2 million as of October 1, 2025. The claim challenges 1,053 loss-making perpetual swap trades from 2018 to 2022 and accuses the exchange of trading without regulatory approval in the UK. The solicitors have rescinded the trades, but the claim has not yet been formally served on BitMEX.