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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 one of its most dramatic downturns, a collapse that sent shockwaves through exchanges, lenders, and investors alike. At the center of this turmoil was a leveraged long position that, according to court filings, resulted in the loss of 6,360 Bitcoin—valued at roughly $495 million at the time the lawsuit was filed. The plaintiff, the estate of a …
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 erupted across the cryptocurrency industry, Celsius Network’s bankruptcy estate has launched a $495 million lawsuit against the crypto derivatives exchange BitMEX. The claim centers on liquidations that occurred during the market turmoil of March 2020, when the COVID‑19 pandemic triggered a rapid and severe sell‑off in digital assets. Celsiu…
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 underscores the lingering fallout from the cryptocurrency market turmoil of early 2020, the estate of the now‑defunct crypto lender Celsius Network has filed a lawsuit against the derivatives exchange BitMEX, alleging that the exchange is liable for roughly $495 million in damages. The claim centers on a massive leveraged long position that was opened on BitMEX in t…
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 market turmoil of 2022, filed a high‑profile lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint seeks roughly $495 million in damages, a figure derived from the alleged loss of 6,360 bitcoin that the estate attributes to forced liquidations during …
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 Takes Legal Action Against BitMEX Seeking $495 Million After 2020 Crash Liquidations
In early 2024, the bankruptcy estate of Celsius Network, the once‑prominent crypto lending platform, filed a lawsuit against the cryptocurrency derivatives exchange BitMEX, alleging that the exchange’s liquidation practices during the market turmoil of 2020 caused the loss of a substantial Bitcoin position valued at roughly $495 million. The legal complaint, filed in the United States District Co…
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‑stakes 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 COVID‑19 pandemic sent Bitcoin’s price tumbling and triggered a cascade of margin calls across the cry…
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 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 early 2020, the cryptocurrency market experienced one of its most dramatic downturns, a period that would later be referred to as the COVID‑19 crash. Amid the chaos, a number of high‑profile borrowers and lenders found themselves entangled in a web of liquidations, margin calls, and legal disputes. One of the most notable confrontations to emerge from that turbulent time involves Celsius Netwo…
Sept. 16, 2026, 5:34 p.m.