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Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million After 2020 Crash Liquidations
In the wake of the dramatic market turbulence that unfolded in 2020, Celsius Network, a prominent crypto lending platform, has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX. The legal complaint seeks a staggering $495 million in damages, a figure that reflects both the scale of the financial losses incurred and the broader implications for the crypto lending industry. At …
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 early 2024, Celsius Network’s bankruptcy estate announced a major legal action against the cryptocurrency derivatives exchange BitMEX, seeking more than $495 million in damages. The lawsuit centers on a series of forced liquidations that occurred during the dramatic market downturn of March 2020, when the global pandemic triggered a rapid sell‑off across virtually all asset classes, including …
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 dramatic downturn in early 2020, Celsius Network’s estate has filed a claim against the cryptocurrency derivatives exchange BitMEX, demanding $495 million in damages. The claim centers on a leveraged long position that was liquidated during the massive sell‑off that accompanied the COVID‑19 pandemic,…
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 filed for Chapter 11 bankruptcy in July 2022, announced that it would bring a civil action against BitMEX, the cryptocurrency derivatives exchange operated by the Hong Kong‑based company MicroStrategy Holdings. The complaint, filed in the United States District Court for the Southern District of New York, seeks more t…
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 legal battle that underscores the lingering fallout from the cryptocurrency market’s tumultuous 2020 downturn, Celsius Network’s bankruptcy estate has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint, filed in a U.S. federal court, alleges that BitMEX is liable for roughly $495 million in damages stemming from forced liquidations that occurre…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Initiates $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In early 2024, Celsius Network, the once‑prominent crypto lending platform that filed for bankruptcy in 2022, announced that it would bring a massive lawsuit against the cryptocurrency derivatives exchange BitMEX. The claim seeks roughly $495 million in damages, a figure derived from the liquidation of a leveraged long position that allegedly cost the estate 6,360 bitcoin during the dramatic mark…
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 a dramatic downturn triggered by the global COVID‑19 pandemic. Prices plummeted across the board, and many traders who had taken on leveraged positions found themselves on the wrong side of the market. Among those affected were investors associated with the cryptocurrency lending platform Celsius Network, which had marketed itself as offering a…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In the wake of the tumultuous market events that unfolded in 2020, Celsius Network has initiated a high‑profile lawsuit against the cryptocurrency derivatives exchange BitMEX, demanding a staggering $495 million in damages. The legal dispute centers on the liquidation of a massive leveraged long position that was held by a now‑defunct borrower during the severe market downturn triggered by the CO…
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 dispute that underscores the lingering fallout from the cryptocurrency market’s tumultuous 2020 downturn, Celsius Network’s bankruptcy estate has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX, alleging that the exchange’s liquidation practices caused the loss of more than 6,300 Bitcoin, valued at roughly $495 million at current prices. The complaint, fil…
Sept. 16, 2026, 5:34 p.m.