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Celsius sues BitMEX for $495M over 2020 crash liquidations

The Celsius bankruptcy estate is pursuing BitMEX $BITMEX for $495 million over wrongful liquidation and seizure of 6,360 Bitcoin $BTC during the March 2020 market crash. The lawsuit targets a leveraged long position the lender held at the time of the Covid-driven decline.

This action highlights ongoing disputes over exchange practices during extreme market volatility and adds to the litany of claims facing BitMEX as it prepares for potential closure following regulatory pressures.

#crypto #legal #markets

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