BREAKING 🚨
Celsius’ estate has filed a $495 million lawsuit against BitMEX over 2020 crash liquidations 🏛️.
According to court filings, the estate is seeking recovery of 6,360 Bitcoin that vanished during the Covid‑19 market collapse. The assets were tied to a leveraged long position that BitMEX liquidated as prices plummeted. Celsius had marketed the product as delta‑neutral, a claim now under intense scrutiny. If successful, the judgment could force BitMEX to return the full BTC value, estimated at over $200 billion at current prices. Regulators are watching the dispute as a litmus test for lender accountability in volatile markets.
The outcome may set a precedent for future crypto‑lending disputes ⚖️.
$SYN, $LSK, $BR
Celsius’ estate has filed a $495 million lawsuit against BitMEX over 2020 crash liquidations 🏛️.
According to court filings, the estate is seeking recovery of 6,360 Bitcoin that vanished during the Covid‑19 market collapse. The assets were tied to a leveraged long position that BitMEX liquidated as prices plummeted. Celsius had marketed the product as delta‑neutral, a claim now under intense scrutiny. If successful, the judgment could force BitMEX to return the full BTC value, estimated at over $200 billion at current prices. Regulators are watching the dispute as a litmus test for lender accountability in volatile markets.
The outcome may set a precedent for future crypto‑lending disputes ⚖️.
$SYN, $LSK, $BR
