Celsius Estate Sues BitMEX for $495 Million Over 2020 Crash Liquidations
Updated — view changes (3)
· body · New information from a source
Celsius Network has sued BitMEX, claiming $495 million in damages related to liquidations that occurred during the 2020 crash.- The Celsius estate has filed a lawsuit against BitMEX seeking $495 million, according to CoinDesk.
- The suit centers on the March 2020 market crash, when Bitcoin's price plunged sharply within hours.
- According to Cointelegraph, the Celsius estate alleges BitMEX wrongfully liquidated and seized 6,360 BTC, worth nearly $490 million, during that crash.
- Cointelegraph reported that the lawsuit comes as BitMEX faces an exchange closure, though details of that closure were not specified.
- The case adds BitMEX to the list of exchanges facing legal action tied to the Celsius bankruptcy estate's efforts to recover assets, according to CoinDesk.
· summary · New information from a source
Celsius filed suit against BitMEX seeking $495 million in damages tied to liquidations during the 2020 market crash.- The Celsius estate has sued BitMEX for $495 million, accusing the exchange of wrongfully liquidating and seizing 6,360 BTC during the March 2020 market crash.
· headline · New information from a source
Celsius sues BitMEX for $495 million over 2020 crash liquidations- Celsius Estate Sues BitMEX for $495 Million Over 2020 Crash Liquidations
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
The Celsius estate has filed a lawsuit against BitMEX seeking Celsius sues BitMEX for $495 million over 2020 crash liquidations.
, according to CoinDesk.
- The suit centers on the March 2020 market crash, when Bitcoin’s price plunged sharply within hours.
- According to Cointelegraph, the Celsius estate alleges BitMEX wrongfully liquidated and seized 6,360 BTC, worth nearly
The Celsius estate alleges BitMEX wrongfully liquidated and seized 6,360 BTC, worth nearly $490 million, during the March 2020 market crash.
, during that crash. - Cointelegraph reported that the lawsuit comes as BitMEX faces an exchange closure, though details of that closure were not specified.
The case adds BitMEX to the list of exchanges facing legal action tied to the Celsius bankruptcy estate’s efforts to recover assets, according to CoinDesk.
Sources: CoinDesk, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 2 updates
- flashCelsius sues BitMEX for $495 million over 2020 crash liquidationsfirst reportedcoindesk.com
- storyCelsius Estate Sues BitMEX for $495 Million Over 2020 Crash Liquidationsupdate · 2 sourcescoindesk.com · cointelegraph.com
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