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Arthur, BitMEX co-founders face fraud claims over alleged 'Insider Trading Desk'www.theblock.co/post/409595/arthur-hayes-bitmex-co-founders-face-fraud-claims-over-alleged-insider-trading-desk-as-exchange-winds-down
1529 sats \ 1 comment \ @0xbitcoiner 24 Jul news

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  • Two former BitMEX customers sued the exchange and its founders on Thursday, alleging BitMEX operated what they described as a hidden “Insider Trading Desk” that traded against its own users and froze servers during volatile stretches to trigger liquidations.
  • The plaintiffs claim losses of roughly 623 bitcoin between them and are seeking return of the coins in kind rather than cash damages.


...read more at theblock.co
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23 sats \ 0 replies \ @Scoresby 24 Jul
The pair also claim that the exchange deliberately froze its servers during periods of high volatility to lock users out while forcing liquidations

Doesn't seem like this would be a big enough reason, but I wonder if it played a role in BitMex shutting down #1530644

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