High Alert

Celsius sues BitMEX for $495 million over 2020 crash liquidations

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CoinDesk
Celsius sues BitMEX for $495 million over 2020 crash liquidationsWorldPing
Image via CoinDesk.

What happened

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.

Key facts

  • 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.
  • Reported by CoinDesk and published Wed, 16 Sep 2026 17:34:04 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. Blockchain finance platform Theo launches tokenized silver backed by $40 million in active leases

  2. Celsius sues BitMEX for $495 million over 2020 crash liquidations

  3. Revolut hackers demand $3 million in Monero, threaten to sell customer data

Sources

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

Read the full report at CoinDesk

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