High Alert

BitMEX faces Celsius lawsuit ahead of exchange closure

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Cointelegraph
BitMEX faces Celsius lawsuit ahead of exchange closureWorldPing
Image via Cointelegraph.

What happened

The Celsius estate alleges BitMEX wrongfully liquidated and seized 6,360 BTC, worth nearly $490 million, during the March 2020 market crash.

Key facts

  • The Celsius estate alleges BitMEX wrongfully liquidated and seized 6,360 BTC, worth nearly $490 million, during the March 2020 market crash.
  • Reported by Cointelegraph and published Thu, 17 Sep 2026 05:55:18 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. XRP falls hard after CLARITY vote as Ripple’s regulatory advantage faces a new test

  2. BitMEX faces Celsius lawsuit ahead of exchange closure

  3. Bitcoin faces 2022 parallels as Federal Reserve resumes rate increases

Sources

The original report was published by Cointelegraph. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Cointelegraph

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