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Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million After 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. Amid the chaos, a number of high‑profile firms found themselves entangled in a web of leveraged trades, margin calls, and forced liquidations. One of the most notable disputes emerging from that turbulent time involves Celsius Network, a prominent crypto lendi…
Sept. 16, 2026, 5:34 p.m.
Finance
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 early 2020, the cryptocurrency market experienced a dramatic and sudden downturn that sent shockwaves through the industry. Among the many firms caught in the turmoil was Celsius Network, a prominent crypto lending platform that had built its reputation on offering high‑yield interest accounts and a purportedly low‑risk, delta‑neutral investment approach. As prices tumbled, Celsius found itsel…
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 in the cryptocurrency sector since the market’s collapse in early 2020, Celsius Network’s bankruptcy estate has formally lodged a lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint, filed in a U.S. federal court, seeks more than $495 million in damages, a figure that represents the value of roughly 6,360 Bi…
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 dramatic market collapse of 2020, Celsius Network’s bankruptcy estate has filed a claim against the cryptocurrency derivatives exchange BitMEX, demanding roughly $495 million in damages. The claim centers on the forced liquidation of a sizeable leveraged long position that was held by a Celsius customer during the rapid mar…
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 plagued the cryptocurrency lending sector since the market’s tumultuous 2020 downturn, Celsius Network’s bankruptcy estate has filed a lawsuit against the crypto derivatives exchange BitMEX, alleging that the platform bears responsibility for liquidations that wiped out a leveraged long position worth roughly 6,360 Bitcoin. The claim, whi…
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 fallout from the cryptocurrency market turmoil of 2020, Celsius Network, the once‑prominent crypto lending platform, has filed a lawsuit against the derivatives exchange BitMEX, demanding roughly $495 million in damages. The legal claim centers on the liquidation of a massive leveraged long position that was opened during the height of the COVID‑19‑induced …
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 that it would sue the cryptocurrency derivatives exchange BitMEX for an astonishing $495 million. The claim stems from the massive liquidations that occurred during the market turmoil of 2020, when the price of Bitcoin and other digital assets plummeted in the wake of the COVID‑19 pandemic. Celsius alleges that BitMEX’s handling of its …
Sept. 16, 2026, 5:34 p.m.
Finance
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 turbulence of early 2020, Celsius Network’s bankruptcy estate has filed a lawsuit against the crypto derivatives exchange BitMEX, alleging that the platform’s actions contributed to a massive loss of assets and seeking damages of roughly $495 million. The complaint, filed in a U.S. federal court, cente…
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 rippled through the cryptocurrency lending sector, Celsius Network’s bankruptcy estate has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX, demanding $495 million in damages. The claim stems from the massive liquidations that occurred during the market turmoil of 2020, when the price of Bitcoin and other digital ass…
Sept. 16, 2026, 5:34 p.m.