Celsius sues BitMEX for $495 million just 11 days before exchange shutdown
Chronological coverage
First seen16 Sept, 13:20Celsius sues BitMEX for $495 million just 11 days before exchange shutdown
Celsius Network’s bankruptcy estate has sued BitMEX over a 2020 liquidation cascade it says cost more than 6,360 Bitcoin. The complaint, filed Sept. 12 in the US Bankruptcy Court for the Southern District of New York, accuses entities behind the crypto derivatives exchange of fraud, market manipulation and wrongful liquidations during Bitcoin’s historic March 2020 […]
CryptoSlate•Oluwapelumi Adejumo
Follow-up16 Sept, 16:13Celsius sues BitMEX for $495M 11 days before the exchange shuts down permanently
Celsius' lawsuit against BitMEX could set a precedent for challenging exchange liquidation practices, impacting future crypto market regulations.
CryptoBriefing•Editorial Team
Follow-up16 Sept, 17:34Celsius sues BitMEX for $495 million over 2020 crash liquidations
CoinDesk•Oliver Knight
Follow-up18h agoBitMEX faces Celsius lawsuit ahead of exchange closure
The Celsius estate alleges BitMEX wrongfully liquidated and seized 6,360 BTC, worth nearly $490 million, during the March 2020 market crash.
Cointelegraph•Cointelegraph by Ezra Reguerra
Latest13h agoCelsius sues BitMEX over trades Alex Mashinsky said never happened
A $495M lawsuit against BitMEX by Celsius debtors concerns trades that CEO Alex Mashinsky claimed never happened.
Protos•Aaron Wise