Celsius sues BitMEX over trades Alex Mashinsky said never happened

Celsius Network debtors have filed a lawsuit against BitMEX, alleging wrongful liquidation and seizure of BTC during the March 12, 2020 market crash. The lawsuit claims Celsius held a leveraged long position in XBTM20, a derivative linked to BTC, contradicting public statements made by former CEO Alex Mashinsky on March 13, 2020, where he claimed Celsius was not a trader. Debtors allege BitMEX engaged in fraudulent misconduct to seize collateralized assets. BitMEX is scheduled to close on September 23.