Someone just served BitMEX operator HDR Global with a $27.2M lawsuit over 1,053 losing perpetual trades from 2018 to 2022.
The plaintiff argues HDR lacked FCA approval to offer UK derivatives, making those trades unenforceable. BitMEX pushed back saying it hasn’t received the suit yet, and closed its UK business in September. $BTC is at $82,500, up 0.77% on the day, and the market’s barely reacted.
On the bullish side, no follow-up regulatory suits drop, $BTC holds above $82k, and funding rates stay positive. On the bearish side, more claims surface or exchange balances spike, forcing short-term dips. If you’re on the sidelines, Binance’s 7% VIP APR Earn promotion ends today — lock in yield instead of chasing volatile noise.
#Write2Earn #BinanceSquare #BTC CryptoRegulation #TradingTournament
The plaintiff argues HDR lacked FCA approval to offer UK derivatives, making those trades unenforceable. BitMEX pushed back saying it hasn’t received the suit yet, and closed its UK business in September. $BTC is at $82,500, up 0.77% on the day, and the market’s barely reacted.
On the bullish side, no follow-up regulatory suits drop, $BTC holds above $82k, and funding rates stay positive. On the bearish side, more claims surface or exchange balances spike, forcing short-term dips. If you’re on the sidelines, Binance’s 7% VIP APR Earn promotion ends today — lock in yield instead of chasing volatile noise.
#Write2Earn #BinanceSquare #BTC CryptoRegulation #TradingTournament