CoinScoopCelsius sues BitMEX for $491M over 2020 liquidation practices
Celsius Network's bankruptcy estate has filed a lawsuit against BitMEX entities, seeking to recover approximately 6,360 BTC liquidated during the March 2020 market crash. The suit alleges that BitMEX's liquidation engine and price mechanisms created a conflict of interest and exacerbated market sell-offs. The legal action comes shortly before BitMEX's scheduled closure on September 23, 2026.
Summaries are written by AI from the original article. Not investment advice.