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Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In a dramatic escalation of the ongoing disputes that have rattled the crypto‑lending sector, Celsius Network’s estate has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX, demanding roughly $495 million in damages. The claim stems from the massive liquidations that occurred during the market turmoil of 2020, when the pandemic‑induced sell‑off sent Bitcoin’s price tumbling a…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In early 2024, the bankruptcy trustee for Celsius Network, the once‑prominent crypto lending platform, filed a lawsuit against the cryptocurrency derivatives exchange BitMEX, alleging that the exchange’s actions contributed to a massive loss of Bitcoin that ultimately cost the lender roughly $495 million. The claim centers on a leveraged long position that Celsius opened in the spring of 2020, ju…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In early 2020, the cryptocurrency market experienced one of its most dramatic downturns, a period now commonly referred to as the COVID‑19 crash. Amid the chaos, Celsius Network, a prominent crypto lending platform, found itself entangled in a series of forced liquidations that wiped out a substantial portion of its holdings. The fallout from those events has now culminated in a high‑stakes lawsu…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Initiates $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In a significant development for the cryptocurrency lending sector, the estate of Celsius Network has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX, seeking damages of approximately $495 million. The legal action stems from the massive liquidations that occurred during the market turmoil of 2020, a period commonly referred to as the Covid‑19 crash. At the heart of the dis…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In a dramatic escalation of the legal battles that have engulfed the crypto‑lending sector, Celsius Network has initiated a lawsuit against the cryptocurrency derivatives exchange BitMEX, seeking damages of roughly $495 million. The claim stems from the massive liquidations that occurred during the market turmoil of March 2020, when the COVID‑19 pandemic triggered a rapid sell‑off across virtuall…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In a high‑profile lawsuit that underscores the lingering fallout from the cryptocurrency market’s tumultuous 2020 crash, Celsius Network’s bankruptcy estate has filed a claim against the crypto derivatives exchange BitMEX, seeking roughly $495 million in damages. The claim centers on a leveraged long position that Celsius opened in the weeks leading up to the pandemic‑induced market collapse, a p…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In early 2024, Celsius Network, the once‑prominent crypto lending platform that collapsed amid the pandemic‑era market turmoil, formally initiated a lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint, filed in a federal court in New York, seeks roughly $495 million in damages, a sum that reflects both the market value of the digital assets at issue and the alleged losse…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In a high‑profile lawsuit that underscores the lingering fallout from the cryptocurrency market’s 2020 turmoil, Celsius Network’s bankruptcy estate has filed a claim against the cryptocurrency derivatives exchange BitMEX, seeking roughly $495 million in damages. The claim centers on the forced liquidation of a leveraged long position that, according to the estate, resulted in the loss of 6,360 Bi…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In early 2020, the cryptocurrency market experienced one of its most dramatic downturns, a collapse that sent shockwaves through exchanges, lenders, and investors alike. At the center of a new legal battle emerging from that tumultuous period is Celsius Network, the once‑prominent crypto lending platform, which has filed a lawsuit against BitMEX, the well‑known derivatives exchange. Celsius is se…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In early 2024, Celsius Network, the once‑high‑profile crypto lending platform that collapsed amid the market turmoil of 2020, announced that it would bring a civil lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint, filed in the United States District Court for the Southern District of New York, seeks more than $495 million in damages, representing the value of 6,360 Bi…
Sept. 16, 2026, 5:34 p.m.