BitMEX faces a class-action lawsuit alleging $40.7 million in unfair liquidations, filed hours after the exchange announced its September 2026

BitMEX will shut down its exchange on Sept. 23, 2026, at 04:00 UTC after its board concluded a review of the business and the crypto sector.

The platform, co-founded by Arthur Hayes, has notified users they have until Sept. 23 to withdraw their assets or face penalty charges.