[BitMEX Faces Class Action Lawsuit on the Day of Shutdown Announcement, Accused of Manipulating Liquidation Mechanism to Illegally Acquire 622.66 BTC] According to a report by Cointelegraph, BKX Services Inc. and David Namdar filed a class action lawsuit against BitMEX in the U.S. District Court for the Southern District of New York on July 24. The lawsuit accuses BitMEX's internal trading team of manipulating the forced liquidation mechanism to illegally acquire customers' Bitcoin. The two plaintiffs reportedly suffered a combined loss of 622.66 BTC, with BKX losing at least 305.81 BTC and Namdar losing over 316.85 BTC. The plaintiffs are demanding the return of the Bitcoin and seeking compensation, representing U.S. users who purchased BTC swap products since July 23, 2018. On the same day, BitMEX's parent company, HDR Global Trading, announced it would cease operations on September 23, and the price of the BMEX token plummeted by approximately 90%.