📰 Celsius estate sues BitMEX over $495M in Bitcoin liquidations
🗓️ Sep 16 2026 20:35 UTC
Celsius Network’s bankruptcy estate has sued BitMEX for the return of 6,360.17 Bitcoin, worth about $495 million, over forced liquidations carried out during the March 2020 COVID market crash. The complaint, filed on Sep. 12 in the U.S. Bankruptcy Court…
➤ Celsius Network's bankruptcy estate is suing BitMEX for the return of approximately $495 million worth of Bitcoin, alleging fraudulent liquidations during the March 2020 market crash.
➤ The lawsuit claims BitMEX intentionally designed its system to profit from customer liquidations and retained excess collateral.
➤ This legal action is part of Celsius's broader efforts to recover assets for creditors following its bankruptcy filing.
#celsiusnetwork #bitmex #bitcoin #liquidation #bankruptcy #lawsuit #collateral #derivatives #covidmarketcrash #cryptoestate
🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-celsius-estate-sues-bit-mex-over-495-m-in-bitcoin-liquidations-3592795746
/ RWATimes
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2026-09-20 13:16:19 UTC
Author Public Key
npub1r6s7yz2fjd70eke5uttfx0emeu6ce9neszmczlfy2wwwdaftvw2sejxrkhPublished at
2026-09-20 13:16:19 UTCEvent JSON
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"content": "📰 Celsius estate sues BitMEX over $495M in Bitcoin liquidations\n🗓️ Sep 16 2026 20:35 UTC\n\nCelsius Network’s bankruptcy estate has sued BitMEX for the return of 6,360.17 Bitcoin, worth about $495 million, over forced liquidations carried out during the March 2020 COVID market crash. The complaint, filed on Sep. 12 in the U.S. Bankruptcy Court…\n\n➤ Celsius Network's bankruptcy estate is suing BitMEX for the return of approximately $495 million worth of Bitcoin, alleging fraudulent liquidations during the March 2020 market crash.\n➤ The lawsuit claims BitMEX intentionally designed its system to profit from customer liquidations and retained excess collateral.\n➤ This legal action is part of Celsius's broader efforts to recover assets for creditors following its bankruptcy filing.\n\n#celsiusnetwork #bitmex #bitcoin #liquidation #bankruptcy #lawsuit #collateral #derivatives #covidmarketcrash #cryptoestate\n\n🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-celsius-estate-sues-bit-mex-over-495-m-in-bitcoin-liquidations-3592795746",
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