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Finance
Celsius Files $495 Million Lawsuit Against BitMEX Over 2020 Market Crash Liquidations
In early 2024, Celsius Network, the once‑prominent crypto lending platform that filed for bankruptcy in 2022, announced that it would be taking legal action against BitMEX, the well‑known cryptocurrency derivatives exchange. The complaint, filed in a U.S. federal court, seeks roughly $495 million in damages, alleging that BitMEX’s handling of liquidations during the tumultuous market downturn of …
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million After 2020 Crash Liquidations
In a high‑profile lawsuit filed this week, Celsius Network’s bankruptcy estate has formally sued cryptocurrency derivatives exchange BitMEX, demanding more than $495 million in damages tied to the massive liquidations that occurred during the market turmoil of 2020. The complaint alleges that BitMEX, a platform known for offering leveraged trading and futures contracts, played a direct role in th…
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 tumultuous cryptocurrency market crash of 2020, Celsius Network’s bankruptcy estate has filed a claim against the derivatives exchange BitMEX, seeking more than $495 million in damages. The core of the dispute centers on a leveraged long position that was liquidated during the rapid market decline triggered by the COVID‑19 …
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 an unprecedented downturn triggered by the global COVID‑19 pandemic. Prices of major digital assets plummeted, and the volatility that followed created a cascade of liquidations across the industry. One of the most notable disputes arising from that tumultuous period involves Celsius Network, the once‑prominent crypto lending platform, and BitM…
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 that has since become a reference point for investors and regulators alike. Amid the chaos, Celsius Network, a prominent crypto lending platform, found itself entangled in a complex web of financial losses, legal disputes, and reputational challenges. The latest development in this saga is a lawsuit …
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, the once‑prominent crypto lending platform that filed for Chapter 11 bankruptcy in 2022, announced that it would bring a civil action against BitMEX, the well‑known cryptocurrency derivatives exchange. The complaint seeks more than $495 million in damages, a figure derived from the value of roughly 6,360 Bitcoin that the Celsius estate alleges were improperly liqui…
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 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 downturn, Celsius Network’s bankruptcy estate has filed a claim against the crypto‑derivatives exchange BitMEX, demanding roughly $495 million in damages. The core of the dispute centers on a massive leveraged long position that was liquidated during the rapid market decline triggered…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In a high‑profile legal battle that underscores the lingering fallout from the cryptocurrency market’s 2020 turbulence, Celsius Network’s bankruptcy estate has launched a $495 million lawsuit against the crypto derivatives exchange BitMEX. The complaint alleges that BitMEX’s liquidation practices during the pandemic‑induced market crash caused the loss of roughly 6,360 Bitcoin—an amount that, at …
Sept. 16, 2026, 5:34 p.m.