High Alert

Celsius sues BitMEX for $495 million just 11 days before exchange shutdown

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CryptoSlate
Celsius sues BitMEX for $495 million just 11 days before exchange shutdownWorldPing
Image via CryptoSlate.

What happened

Celsius Network’s bankruptcy estate has sued BitMEX over a 2020 liquidation cascade it says cost more than 6,360 Bitcoin.

The complaint, filed Sept.

Key facts

  • Celsius Network’s bankruptcy estate has sued BitMEX over a 2020 liquidation cascade it says cost more than 6,360 Bitcoin.
  • Reported by CryptoSlate and published Wed, 16 Sep 2026 13:20:18 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. Bitcoin ETFs shed $450 million as Clarity Act fails

  2. Two Prime makes onchain finance push with $10 million-backed bitcoin yield vault

  3. Whale Sells 866 BTC for 26,924 ETH Hours Before Bitcoin Price Tanked

  4. FCA Guidance Lands Two Weeks Before UK Crypto Authorization Window Opens

  5. Celsius sues BitMEX for $495 million just 11 days before exchange shutdown

  6. Blockchain finance platform Theo launches tokenized silver backed by $40 million in active leases

Sources

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

Read the full report at CryptoSlate

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Related WorldPing coverage

Bitcoin ETFs shed $450 million as Clarity Act failsWorldPing
CoinDesk

Bitcoin ETFs shed $450 million as Clarity Act fails

U.S. spot bitcoin ETFs shed $450 million, the most since June, as the Senate's failure to advance the Clarity Act sent regulatory-sensitive tokens sharply lower.

Brief by WorldPing · Original reporting by CoinDesk