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BitMEX faces a proposed class action lawsuit seeking 623 BTC, filed on the same day the exchange announced its shutdown. The lawsuit accuses BitMEX of using privileged trading access and server freezes to profit from forced liquidations of users. The complaint alleges that the exchange exploited its control over trading data and infrastructure to gain an unfair advantage, causing losses to traders. This legal action adds to BitMEX's ongoing regulatory and legal challenges, potentially impacting market sentiment and liquidity in the crypto derivatives space. Traders should monitor developments closely, as the case could influence risk appetite and volatility in related assets.
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