[BitMEX Faces Class Action Lawsuit, Users Claim 622.66 BTC in Damages] Odaily Planet Daily reports that the cryptocurrency derivatives platform BitMEX is facing a proposed class action lawsuit. BKX Services Inc. and David Namdar have filed a complaint in the U.S. District Court for the Southern District of New York. The plaintiffs allege that they collectively lost 622.66 BTC due to forced liquidations on BitMEX, with BKX claiming a loss of at least 305.81 BTC and Namdar claiming a loss exceeding 316.85 BTC. The complaint alleges that BitMEX's internal trading desk had access to customers' private information and could continue trading during server freezes, periods when regular users were unable to access the platform or during liquidations. The plaintiffs also claim that BitMEX allowed customers to use leverage as high as 100x and automatically liquidated positions when the collateral value was still twice the loss amount, with the remaining BTC being transferred to the platform's insurance fund. The plaintiffs are seeking the return of the allegedly withheld Bitcoin, as well as compensatory and punitive damages. They aim to represent U.S. customers who purchased BTC swap products starting from July 23, 2018. On the same day the lawsuit was filed, BitMEX announced that following a strategic review by its owner, HDR Global Trading, it would cease offering services on September 23. The platform has stopped accepting new registrations and plans to prohibit users from opening new positions starting August 26.