Celsius sues BitMEX for $495 million over 2020 crash liquidations
The estate is chasing 6,360 BTC lost in the Covid crash — a leveraged long position that sits awkwardly with the lender’s delta-neutral marketing.
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Summary
- Celsius’s bankruptcy estate filed suit against five BitMEX entities on Sept. 12, alleging fraud, market manipulation and wrongful liquidations during the March 2020 crash.
- The claim covers 1,325.84 BTC lost by Celsius and 5,034.33 BTC lost by investment fund JST, whose claims were assigned to the estate — 6,360 BTC in total, worth roughly $495 million.
- BitMEX stops trading Sept. 23, giving the estate 11 days to act against a defendant that is winding down.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
