POPA ReconCelsius Sues BitMEX for $495M – 11 Days Before the Exchange Shuts Down
Celsius Sues BitMEX for $495M – 11 Days Before the Exchange Shuts Down Celsius' bankruptcy estate filed a suit against BitMEX-linked entities in the Southern District of New York on September 12, alleging fraud, market manipulation and wrongful liquidations during the March 2020 Bitcoin crash. At stake: 6,360 BTC, worth ~$495M at filing. BitMEX stops trading on September 23, so the claim lands in the last window where there's still an operating business to recover from. The case is brought by Blockchain Recovery Investment Consortium, which is working through Celsius' estate claims on behalf…
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