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Finance
Celsius Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In early 2020, the cryptocurrency market experienced one of its most dramatic downturns, a period that would later become known as the COVID‑19 crash. Prices of major digital assets plummeted, and many investors who had taken on leveraged positions found themselves on the brink of ruin. Among those affected was Celsius Network, a prominent crypto lending platform that had built its reputation on …
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 ongoing turmoil that has engulfed the cryptocurrency lending sector, Celsius Network has launched a $495 million lawsuit against the prominent derivatives exchange BitMEX. The suit alleges that BitMEX’s liquidation practices during the market turmoil of March 2020 directly caused Celsius to lose a substantial Bitcoin position—6,360 BTC, valued at roughly half a bil…
Sept. 16, 2026, 5:34 p.m.
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 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, the estate of the now‑defunct crypto lending platform Celsius Network has initiated a lawsuit against the prominent derivatives exchange BitMEX. The complaint, filed in a federal court, seeks roughly $495 million in damages, a figure derived from the alleged loss of 6,360 Bitcoi…
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 took a decisive legal step by filing a $495 million lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint centers on the forced liquidation of a massive leveraged long position during the market turmoil of March 2020, a period commonly referred to as the COVID‑19 crash. At the heart of the dispute lies a claim that BitMEX’…
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 estate of Celsius Network, the once‑prominent crypto lending platform that collapsed amid the pandemic‑era market turmoil, filed a high‑stakes lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint, lodged in the United States District Court for the Southern District of New York, alleges that BitMEX bears responsibility for roughly $495 million…
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 that it had filed a civil lawsuit against the cryptocurrency derivatives exchange BitMEX, seeking more than $495 million in damages. The claim stems from the massive liquidations that occurred during the market turmoil of March 2020, when the price of Bitcoin and other digital assets plummeted in a matter of days. Celsius alleges that B…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million After 2020 Crash Liquidations
In a dramatic development that underscores the lingering fallout from the cryptocurrency market’s tumultuous 2020 downturn, Celsius Network has filed a lawsuit against the derivatives exchange BitMEX, demanding roughly $495 million in damages. The legal claim centers on the forced liquidation of a sizable leveraged long position that Celsius held during the height of the COVID‑19‑driven market cr…
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 most turbulent period, the estate of the now‑defunct crypto lending platform Celsius Network has filed a claim against the cryptocurrency derivatives exchange BitMEX, seeking roughly $495 million in damages. The litigation centers on the forced liquidations that occurred during the dramatic market do…
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.