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Finance
Celsius Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In early 2024, Celsius Network’s bankruptcy estate announced a high‑stakes legal action against the cryptocurrency derivatives exchange BitMEX, seeking damages of roughly $495 million. The claim stems from a series of forced liquidations that occurred during the market turmoil of March 2020, when the COVID‑19 pandemic sent global equities and digital assets into a steep decline. At the heart of t…
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, and the fallout from that crash continues to reverberate through the industry. One of the most high‑profile disputes emerging from that period involves Celsius Network, the once‑prominent crypto lending platform, and BitMEX, the well‑known derivatives exchange. Celsius has filed a l…
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 Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In early 2020, the cryptocurrency market experienced a dramatic plunge that sent shockwaves through the industry. Among the many firms caught in the turmoil was Celsius Network, a prominent crypto lending platform that had positioned itself as a provider of stable, delta‑neutral returns to its users. As the market tumbled, Celsius found itself entangled in a series of forced liquidations that res…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In early 2024, Celsius Network’s bankruptcy estate filed a high‑profile lawsuit against the cryptocurrency derivatives exchange BitMEX, alleging that the platform bears responsibility for a massive loss of digital assets that occurred during the market turmoil of 2020. The complaint seeks roughly $495 million in damages, a figure derived from the estimated value of 6,360 Bitcoin that the estate c…
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 bankruptcy in 2022, announced that it would pursue legal action against BitMEX, the well‑known cryptocurrency derivatives exchange. The lawsuit, filed in a U.S. federal court, seeks more than $495 million in damages, an amount that reflects the value of roughly 6,360 Bitcoin that Celsius alleges were lost du…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million After 2020 Crash Liquidations
In early 2020, the cryptocurrency market experienced an unprecedented downturn triggered by the global COVID‑19 pandemic. Prices plummeted across the board, and many leveraged positions were liquidated en masse. Among the most high‑profile casualties of that chaotic period was the crypto lending firm Celsius Network, which found itself entangled in a complex web of financial losses, legal dispute…
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 Initiates $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In a significant development within the cryptocurrency litigation arena, Celsius Network’s estate has filed a lawsuit seeking $495 million in damages from BitMEX, a prominent derivatives exchange, over the forced liquidation of a massive leveraged position during the market turmoil of 2020. The legal action centers on the loss of 6,360 Bitcoin, a sum that represents a substantial portion of the a…
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 crypto‑derivatives exchange BitMEX, alleging that the platform is liable for roughly $495 million in losses. The claim centers on a massive liquidation event that occurred during the pandemic‑driven market c…
Sept. 16, 2026, 5:34 p.m.