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Finance
Celsius Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In early 2024, Celsius Network’s bankruptcy estate launched a high‑stakes legal battle 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 market turmoil of March 2020, when the COVID‑19 pandemic triggered a rapid and severe decline in cryptocurrency prices. According to th…
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 downturn that sent shockwaves through the industry. One of the most notable casualties of that turbulent period was Celsius Network, a prominent digital asset lending platform that had built a reputation for offering high‑yield interest accounts to retail investors. The collapse of the market not only wiped out a substantial portion …
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 a series of forced liquidations that occurred during the dramatic market downturn of March 2020, when the global financial panic triggered a rapid decline in the price of Bitcoin and other di…
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 now commonly referred to as the Covid‑19 crash. Amid the chaos, a number of high‑profile firms that had built their business models around leveraged trading and lending found themselves in precarious positions. One such firm, Celsius Network, a platform that marketed itself as offering delta‑neutral …
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 launched 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 market turmoil of March 2020, when the COVID‑19 pandemic triggered a rapid and severe decline in cryptocurrency prices. At the heart of…
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 downturn triggered by the global Covid‑19 pandemic. Prices of major digital assets plunged, and many firms that had built their business models around leveraged trading and high‑risk strategies found themselves on the brink of collapse. Among those caught in the turmoil was Celsius Network, a prominent crypto lending platform that ha…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In early 2024, Celsius Network, the New York‑based crypto lending platform that entered bankruptcy protection after a dramatic collapse in late 2022, announced that it would pursue legal action against BitMEX, the well‑known cryptocurrency derivatives exchange. The lawsuit, filed in a U.S. federal court, alleges that BitMEX was responsible for the loss of roughly 6,360 bitcoin—valued at about $49…
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 pandemic‑era market turmoil, filed a high‑stakes lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint, lodged in the United States District Court for the Southern District of New York, alleges that BitMEX bears responsibility for roughly $495 million…
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 dispute that highlights the lingering fallout from the cryptocurrency market’s most turbulent period, the estate of the insolvent crypto lending firm Celsius Network has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint, filed in a U.S. federal court, alleges that BitMEX bears responsibility for the loss of roughly 6,360 Bitcoin—valued at appr…
Sept. 16, 2026, 5:34 p.m.