Celsius bankruptcy estate sues BitMEX for $495M over alleged fraud and market manipulation during March 2020 crash, 11 days before BitMEX shutdown.
DeFi & Yields ·
Celsius' bankruptcy estate filed suit against BitMEX-linked entities in federal bankruptcy court on September 12, claiming fraud and market manipulation tied to Bitcoin's March 2020 collapse that resulted in liquidations of 6,360 BTC valued at roughly $495 million. Blockchain Recovery Investment Consortium brought the action on behalf of Celsius, eleven days before BitMEX's planned trading halt on September 23. The court has not yet validated any of the allegations in the complaint.