Popular exchange sued within hours of its shutdown announcement

BitMEX didn't just fail; it allegedly operated a rigged system designed to strip users of their Bitcoin. While server freezes locked traders out, an internal desk with private data reportedly kept trading to seize collateral for the exchange's own insurance fund. This isn't just a shutdown—it’s a $40 million betrayal of trust through forced liquidations and insider advantages. Is this the ultimate proof that "unregulated" exchanges are just sophisticated traps? What’s your take?
This summary was generated by AI