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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 crash, Celsius Network’s bankruptcy estate has filed a claim against the crypto derivatives exchange BitMEX, seeking roughly $495 million in damages. The claim centers on a leveraged long position that Celsius opened in the weeks leading up to the pandemic‑induced market collapse, a p…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Following 2020 Crash Liquidations
In a high‑profile lawsuit that underscores the lingering fallout from the dramatic market turbulence of early 2020, the estate of the now‑defunct cryptocurrency lending platform Celsius Network has filed a claim against the cryptocurrency derivatives exchange BitMEX, demanding roughly $495 million in damages. The claim centers on the liquidation of a sizable leveraged long position that was opene…
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 dramatic market downturn that unfolded in early 2020, Celsius Network’s estate has initiated a lawsuit against cryptocurrency exchange BitMEX, demanding roughly $495 million in damages. The claim centers on the loss of 6,360 Bitcoin that were liquidated during the COVID‑19‑driven crash, a loss that the estate attributes directly to BitMEX’s handling of leveraged positions and a…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In a dramatic development 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 the liquidation of a massive leveraged long position that was forced to close during the market crash trigg…
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 trustee announced a major legal action 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 plunged by roughly 50 percent in a matter of days. According to t…
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 trustee announced a major legal action 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 global financial system was reeling from the onset of the COVID‑19 pandemic. At that time, the price…
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 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, filed a high‑stakes lawsuit against BitMEX, the Singapore‑based derivatives exchange, seeking more than $495 million in damages. The claim stems from a series of forced liquidations that occurred during the dramatic market downturn of March 2020, when the COVID‑19 pandemic sent Bitcoin an…
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 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.