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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 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 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 courtroom battle that underscores the lingering fallout from the tumultuous cryptocurrency markets of early 2020, Celsius Network’s bankruptcy estate has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX, demanding $495 million in damages. The claim centers on a series of forced liquidations that occurred during the market crash triggered by the COVID‑19 pan…
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 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.
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’s tumultuous 2020 downturn, Celsius Network’s bankruptcy estate has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX, alleging that the exchange’s liquidation practices caused the loss of more than 6,300 Bitcoin, valued at roughly $495 million at current prices. The complaint, fil…
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 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 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 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.