Just got this: Celsius bankruptcy liquidation entity is suing BitMEX to recover about 6,360 BTC (based on current price, roughly $495 million).
The complaint alleges that during the liquidation cascade in March 2020, while BitMEX managed the liquidation system, it also profited from the insurance fund; Celsius itself lost about 1,326 BTC that time, and it also has claims totaling about 5,034 BTC that were transferred from JST. The case was filed on 9/12 with the U.S. Bankruptcy Court for the Southern District of New York, and the allegations have not yet been verified. BitMEX announced liquidation in July, and trading will cease on 9/23—one more cut before shutdown.
Let’s log this for now, $BTC #BitMEX #Celsius
The complaint alleges that during the liquidation cascade in March 2020, while BitMEX managed the liquidation system, it also profited from the insurance fund; Celsius itself lost about 1,326 BTC that time, and it also has claims totaling about 5,034 BTC that were transferred from JST. The case was filed on 9/12 with the U.S. Bankruptcy Court for the Southern District of New York, and the allegations have not yet been verified. BitMEX announced liquidation in July, and trading will cease on 9/23—one more cut before shutdown.
Let’s log this for now, $BTC #BitMEX #Celsius
