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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 downturn, Celsius Network’s bankruptcy estate has filed a claim against the crypto‑derivatives exchange BitMEX, seeking damages of roughly $495 million. The claim centers on a massive liquidation event that occurred in March 2020, when the COVID‑19 pandemic sent global markets into a …
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 Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In early 2024, Celsius Network’s bankruptcy estate initiated a high‑stakes legal action against the cryptocurrency derivatives exchange BitMEX, seeking more than $495 million in damages. The claim centers on a series of forced liquidations that occurred during the dramatic market downturn of March 2020, when the global COVID‑19 pandemic sent Bitcoin’s price plummeting and triggered a cascade of m…
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 high‑profile lawsuit that underscores the lingering fallout from the cryptocurrency market’s most turbulent period, 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 leveraged long position that the estate alleges was liquidated during the market plunge of early…
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 legal battles that have been swirling around the cryptocurrency lending industry since the market’s sharp downturn in early 2020, Celsius Network’s bankruptcy estate has formally sued BitMEX, one of the world’s largest cryptocurrency derivatives exchanges, seeking more than $495 million in damages. The claim centers on the liquidation of a heavily leveraged long po…
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 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 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 early 2020, the cryptocurrency market experienced a dramatic downturn that sent shockwaves through the industry. One of the most high‑profile casualties of that tumultuous period was the liquidation of a massive leveraged long position held by the now‑defunct crypto lender Celsius Network. The fallout from that event has resurfaced in a new lawsuit, as the estate of the late founder Alex Mashi…
Sept. 16, 2026, 5:34 p.m.