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Celsius Takes Legal Action Against BitMEX Seeking $495 Million Following 2020 Crash Liquidations
In a dramatic development that underscores the lingering fallout from the cryptocurrency market’s 2020 turmoil, 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 the loss of 6,360 Bitcoin that the estate alleges were liquidated during the massive market crash triggered by the COVI…
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 legal battle that underscores the lingering fallout from the cryptocurrency market turbulence of 2020, Celsius Network’s bankruptcy estate has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX, demanding roughly $495 million in damages. The claim centers on the forced liquidation of a massive leveraged long position that Celsius held during the rapid market …
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 often referred to as the COVID‑19 crash. The rapid decline in asset prices triggered a cascade of liquidations across leveraged positions, leaving many borrowers and lenders scrambling to mitigate losses. Among the most high‑profile disputes arising from that tumultuous time is the lawsuit filed by t…
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 roiled the crypto‑lending sector since the market’s 2020 downturn, Celsius Network’s bankruptcy estate has formally lodged a $495 million lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint, filed in a U.S. federal court, alleges that BitMEX’s liquidation practices during the pandemic‑driven market crash caused Cels…
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 the late cryptocurrency lender Celsius Network announced a high‑stakes lawsuit against the prominent derivatives exchange BitMEX. The claim, filed in a U.S. federal court, seeks more than $495 million in damages, alleging that BitMEX’s liquidation practices during the tumultuous market crash of March 2020 directly caused the loss of a massive Bitcoin po…
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 triggered an unprecedented sell‑off across virtually all asset classes, including di…
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 latter is liable for roughly $495 million in damages stemming from liquidations that occurred during the market turmoil of 2020. The complaint centers on a leveraged long position that was opened by a Celsius client in the weeks leading up to th…
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 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 dramatic market downturn of March 2020, when the COVID‑19 pandemic triggered a rapid sell‑off across virtually all asset classes, including …
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 cryptocurrency market’s 2020 turmoil, 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 the loss of 6,360 Bitcoin that the estate alleges were liquidated during the dramatic market crash that coincided with the …
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 2020 turbulence, Celsius Network’s bankruptcy estate has filed a claim against the crypto derivatives exchange BitMEX, seeking damages of approximately $495 million. The claim centers on the liquidation of a massive leveraged long position that was opened during the height of the COVID‑19‑induced mar…
Sept. 16, 2026, 5:34 p.m.