The lawsuit was filed Sept. 12 in U.S. Bankruptcy Court for the Southern District of New York by Blockchain Recovery Investment Consortium, Celsius's litigation administrator, against multiple BitMEX-affiliated entities across Bermuda, the Cayman Islands, England, Hong Kong, the Seychelles and the U.S. Celsius says it lost 1,325.84 BTC in a single liquidation on March 12, 2020, and pursues claims assigned by fund JST, which lost 5,034.33 BTC the next day. The complaint alleges BitMEX controlled both the liquidation system and the insurance fund, intentionally designing procedures to cause liquidations and defraud customers.

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Thread · 1 event
  1. First reportCelsius bankruptcy estate sues BitMEX for $495 million over 2020 Bitcoin liquidations7 acc.
  2. Leviathan published this article

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Cited posts

  • @WuBlockchain Wu BlockchainFirst reportOn X ↗

    Celsius Sues BitMEX 11 Days Before Exchange Shutdown, Seeking $495 Million Celsius’ bankruptcy estate sued entities linked to BitMEX in the U.S. Bankruptcy Court for the Southern District of New York on Sept. 12. The complaint alleges fraud, market manipulation and wrongful…

  • @coinacademy_fr Coin AcademyOn X ↗

    🚨 Celsius poursuit BitMEX à hauteur de 495 M$, 11 jours avant l’arrêt des activités de la plateforme. La plainte accuse des entités liées à BitMEX de fraude, manipulation de marché et liquidations abusives lors du krach du Bitcoin en mars 2020. Arthur Hayes avait débranché les…

  • @Crypto_Briefing Crypto BriefingOn X ↗

    https://t.co/gvBx0VnWm3

Show 3 more cited posts
  • @crypto_banter Crypto BanterOn X ↗

    🚨CELSIUS ESTATE SUES BITMEX FOR $495M! Celsius’s bankruptcy estate filed suit in SDNY on Sept. 12 against BitMEX-linked entities, alleging fraud, market manipulation and wrongful liquidations in the March 2020 $BTC crash. It seeks 6,360 $BTC, about $495 million at filing. The…

  • @LeJournalDuCoin Journal du CoinOn X ↗

    ❌ Celsius réclame 495 millions $ à BitMEX pour des liquidations de 6 360 BTC survenues lors du krach de mars 2020, accusant la plateforme de fraude et de manipulation de marché. ➡️ La plainte intervient seulement 11 jours avant la fermeture définitive de BitMEX, prévue le 23…

  • @TheBlockCo The BlockOn X ↗

    THE BLOCK: Bankrupt crypto lending firm Celsius sued the soon-to-be-shut-down crypto exchange BitMEX in a complaint filed in the U.S. Bankruptcy Court in the Southern District of New York. Celsius says BitMEX wrongfully liquidated and seized digital assets worth over 6,000…

1 more account posted about this · 1 Telegram channel (no public link)

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Since 16 Sep 16:04 UTC30+ calls opened · 25 long · 5 short

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@kshitizkapoor_ long · entry $76,937alpha −0.007 · 57% hit rate · 35 scored
@BULLOFBRITAIN long · entry $76,647alpha −0.235 · 24% hit rate · 29 scored
@astekz long · entry $76,710alpha +0.021 · 65% hit rate · 51 scored

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