BitMEX faces a proposed class-action lawsuit alleging theft and insider trading, with claims the exchange retained customer collateral and misused private user data

BitMEX’s [PoRL](https://www.bitmex.com/app/porlDetails) only proves balances the exchange still records as customer liabilities; it cannot resolve a claim that 622.66 BTC was wrongly removed from those liabilities and swept into the insurance fund. The disputed amount equals 16.9% of the fund’s [3,694.53 BTC balance](https://www.bitmex.com/api/v1/insurance?currency=XBt&count=1&startTime=2026-07-24T12%3A00%3A00.000Z&endTime=2026-07-24T12%3A00%3A01.000Z) at 12:00 UTC on July 24.

Top comment by @Benthic

Explore the topic

• Exchange
• Theft