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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 repercussions of that crash continue to echo through the industry today. One of the most high‑profile disputes arising from that period involves Celsius Network, the once‑prominent crypto lending platform, and BitMEX, a leading cryptocurrency derivatives exchange. Celsius ha…
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 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 Takes Legal Action Against BitMEX Seeking $495 Million Over 2020 Crash Liquidations
In early 2024, the legal representatives of Celsius Network’s bankruptcy estate filed a high‑profile lawsuit against cryptocurrency derivatives exchange BitMEX, alleging that the exchange’s liquidation practices during the tumultuous market downturn of 2020 caused the loss of a substantial Bitcoin position valued at roughly $495 million. The claim centers on a leveraged long position that, accord…
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 disputes that have plagued the crypto‑lending sector since the market’s tumultuous 2020 downturn, Celsius Network’s bankruptcy estate has formally lodged a lawsuit against the cryptocurrency derivatives exchange BitMEX, seeking damages amounting to $495 million. The legal action centers on the forced liquidation of a heavily leveraged long position that Cel…
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 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 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 exchange’s liquidation practices during the market turmoil of March 2020 caused the loss of a massive leveraged position worth roughly 6,360 Bitcoin, valued at about $495 million at today’s prices. The case has quickly become a touchstone for th…
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 early 2024, Celsius Network, the once‑prominent crypto lending platform that filed for bankruptcy in 2022, filed a high‑stakes lawsuit against BitMEX, the well‑known cryptocurrency derivatives exchange. The complaint, lodged in a U.S. federal court, alleges that BitMEX bears responsibility for a loss of approximately 6,360 Bitcoin—valued at roughly $495 million at current market rates—stemming…
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 turbulent 2020 downturn, Celsius Network’s bankruptcy estate has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX, seeking damages of roughly $495 million. The legal claim centers on a massive liquidation event that occurred during the height of the COVID‑19‑induced market crash…
Sept. 16, 2026, 5:34 p.m.