BitMEX, a cryptocurrency exchange, is facing a proposed class-action lawsuit, according to reporting from CoinDesk. The complaint alleges that the exchange engaged in theft and insider trading.
The lawsuit claims that BitMEX designed a system to retain customer collateral. Additionally, it is alleged that an internal desk at the exchange accessed private user data during server freezes.
This development comes as the crypto exchange shuts down. The complaint outlines several allegations against BitMEX, highlighting concerns over the treatment of customer funds and data privacy.