Popular exchange sued within hours of its shutdown announcement

BitMEX is facing a class-action lawsuit seeking $40.7 million due to allegations of unfair liquidations. This legal action was filed only hours after the exchange announced its planned shutdown for September 2026. The lawsuit claims that the platform engaged in unfair liquidation practices, leading to significant financial losses for users. This development follows the official announcement regarding the cessation of BitMEX operations, creating a challenging legal environment for the cryptocurrency exchange during its wind-down phase.