BitMEX, a cryptocurrency derivatives exchange, has been hit with a proposed class action lawsuit on the same day it announced shutdown plans. According to reporting from CoinTelegraph, the lawsuit alleges that BitMEX used privileged trading access and server freezes to profit from forced liquidations.
The proposed class action seeks 623 BTC in damages. The lawsuit claims that these actions by BitMEX resulted in significant losses for traders. The lawsuit's timing coincides with BitMEX's announcement regarding its shutdown, although the specifics of the shutdown were not detailed in the provided information.