On the same day BitMEX announced it was closing its doors after 11 years, a federal class action lawsuit landed in the Southern District of New York accusing the exchange and its co-founders of systematically looting customer collateral through rigged liquidations. The timing was striking — but perhaps not coincidental. The BitMEX liquidation lawsuit, filed July 23, 2026, names co-founder Arthur Hayes along with Benjamin Delo, Samuel Reed, and former business development head Gregory Dwyer as defendants, alongside exchange entities HDR Global Trading and 100x Holdings.
Key takeaways
- Plaintiffs BKX Services Inc. and David Namdar filed a class action on July 23, 2026, seeking the return of 622.66 BTC — worth roughly $40 million —…