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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 now commonly referred to as the COVID‑19 crash. Amid the chaos, Celsius Network, a prominent crypto lending platform, found itself entangled in a series of forced liquidations that wiped out a substantial portion of its holdings. The fallout from those events has now culminated in a high‑stakes lawsu…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX for $495 Million Stemming from 2020 Crash Liquidations
In early 2020, the cryptocurrency market experienced a dramatic downturn as the COVID‑19 pandemic triggered a wave of panic selling across virtually every digital asset. Among the many firms caught in the maelstrom was Celsius Network, a prominent crypto‑lending platform that had built its brand around offering high‑yield interest accounts and purportedly “delta‑neutral” exposure for its borrower…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Files $495 Million Lawsuit Against BitMEX Over 2020 Crash Liquidations
In a high‑profile legal battle that underscores the lingering fallout from the cryptocurrency market’s tumultuous 2020 downturn, Celsius Network’s bankruptcy estate has initiated a lawsuit against the cryptocurrency derivatives exchange BitMEX, seeking damages of roughly $495 million. The claim centers on the forced liquidation of a substantial leveraged long position that Celsius held during the…
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 followed the cryptocurrency market’s tumultuous 2020 downturn, Celsius Network, the now‑bankrupt crypto lending platform, has launched a $495 million lawsuit against BitMEX, one of the world’s largest cryptocurrency derivatives exchanges. The suit alleges that BitMEX’s handling of liquidations during the COVID‑19‑induced market crash caused …
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’s tumultuous 2020 downturn, Celsius Network’s bankruptcy estate has filed a lawsuit against the cryptocurrency derivatives exchange BitMEX. The complaint, filed in a U.S. federal court, alleges that BitMEX is liable for roughly $495 million in damages stemming from forced liquidations that occurre…
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 tumultuous 2020 crash, 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 liquidation of a massive leveraged long position that the estate alleges was improperly handled by BitMEX, res…
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, filed in the United States District Court for the Southern District of New York, asserts that BitMEX’…
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 once‑prominent crypto lending platform that collapsed amid the market turmoil of 2022, announced that it would pursue legal action against the cryptocurrency derivatives exchange BitMEX. The complaint, filed in a U.S. federal court, seeks roughly $495 million in damages, a figure derived from the value of 6,360 Bitcoin that the Celsius estate alleges were impro…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Initiates $495 Million Lawsuit Against BitMEX 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 exchange’s actions during the market turmoil of March 2020 caused the loss of a substantial amount of Bitcoin and resulted in liquidations that cost the lender roughly $495 million. The complaint, filed in the United States District Court for th…
Sept. 16, 2026, 5:34 p.m.
Finance
Celsius Takes Legal Action Against BitMEX Seeking $495 Million After 2020 Crash Liquidations
In the wake of the dramatic market turmoil that unfolded in 2020, Celsius Network’s estate has launched a high‑stakes lawsuit against the cryptocurrency derivatives exchange BitMEX, demanding a staggering $495 million in damages. The legal claim centers on the liquidation of a massive leveraged position that resulted in the loss of 6,360 bitcoin (BTC) during the rapid market decline triggered by …
Sept. 16, 2026, 5:34 p.m.