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

Celsius Sues BitMEX Over $495 Million in Bitcoin Liquidations

Guavy AI Editorial Team
Instruments
BTC JST
Share

The bankruptcy estate of Celsius Network has filed a lawsuit against BitMEX for allegedly forcing the liquidation of $495 million in Bitcoin during the March 2020 COVID market crash.

The complaint, filed on September 12, accuses BitMEX-linked companies of designing their system to profit from customer collateral and committing fraud, breach of contract, and unjust enrichment.

Celsius lost 1,325.84 BTC when BitMEX liquidated its position on March 12, 2020, while investment fund JST lost another 5,034.33 BTC through a liquidation the following day.

More on Crypto

Crypto just now

Ethereum Slides Toward $2,300 as DigiTap Presale Gives Retail Early Access

Crypto just now

Upbit Matches Binance in SHIB Spot Volume as Korean Traders Drive Meme Coin Surge

Crypto 1m ago

CRV Plummets 13% Amid Aggressive Selling and Bearish Pressure

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