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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 Initiates $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In a dramatic development that underscores the lingering fallout from the cryptocurrency market’s tumultuous 2020 downturn, Celsius Network, the once‑prominent crypto lending platform, has filed a lawsuit seeking $495 million in damages against the cryptocurrency derivatives exchange BitMEX. The legal action, filed in a U.S. federal court, alleges that BitMEX’s liquidation practices during the he…
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.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In a high‑profile dispute that highlights 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, demanding roughly $495 million in damages. The claim centers on a series of forced liquidations that occurred during the dramatic market plunge triggered by the COVID‑19 pa…
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 Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In early 2024, Celsius Network’s bankruptcy estate announced a high‑profile lawsuit against the cryptocurrency derivatives exchange BitMEX, seeking more than $495 million in damages. The claim stems from a series of forced liquidations that occurred during the market turmoil of March 2020, when the COVID‑19 pandemic triggered a rapid and severe decline in cryptocurrency prices. According to the f…
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 turmoil, Celsius Network has initiated a lawsuit against the crypto derivatives exchange BitMEX, seeking $495 million in damages. The claim centers on a massive liquidation event that occurred during the COVID‑19‑induced market crash, when Bitcoin’s price plummeted dramatically and left man…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million After 2020 Crash Liquidations
In a dramatic escalation of the ongoing disputes that have roiled the cryptocurrency 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 a series of forced liquidations that occurred during the market turmoil of 2020, when the pandemic‑driven crash sent Bitcoin and othe…
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 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 crypto‑derivatives exchange BitMEX, seeking more than $495 million in damages. The claim centers on a series of forced liquidations that occurred during the market crash triggered by the COVID‑19 pandem…
Sept. 16, 2026, 5:34 p.m.