Celsius sues BitMEX for $495 million over 2020 crash liquidations
Bankrupt crypto lender Celsius Network's estate has sued BitMEX over forced liquidations during the March 2020 Covid crash, seeking the return of 6,360 BTC now worth roughly $495 million. The complaint was filed Sept. 12 in the U.S. Bankruptcy Court for the Southern District of New York by Blockchain Recovery Investment Consortium, the litigation administrator appointed in the Celsius bankruptcy. Defendants include HDR Global Trading, ABS Global Trading, Shine Effort, 100x Holdings and HDR Global Services — entities spanning Bermuda, the Cayman Islands, England, Hong Kong, the Seychelles and the U.S.