Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Celsius Sues BitMEX for $495 Million Over March 2020 Liquidation Cascade

Guavy AI Editorial Team
Instruments
BTC
Share

Celsius Network's bankruptcy estate has filed a lawsuit against BitMEX over losses tied to 6,360 BTC, worth around $495 million at the time of the filing. The complaint accuses entities behind the crypto derivatives exchange of fraud and market manipulation during Bitcoin's historic March 2020 selloff.

The defendants include HDR Global Trading Ltd., ABS Global Trading Ltd., Shine Effort Inc. Ltd., 100x Holdings Ltd., and HDR Global Services Ltd., which collectively operated under the BitMEX name.

BitMEX is preparing to shut down its exchange on September 23, giving Celsius a new recovery target just days before one of crypto's longest-running derivatives venues stops trading.

More on Crypto

Crypto just now

Ethereum Price Prediction Market Sets Date for September 2026

Crypto just now

OG.com Gets SEC Nod for Single-Stock Futures in US Market

Crypto just now

FanDuel Launches Prediction Market Platform with $100 Bonus Offer

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy