Celsius Sues BitMEX Over $495 Million in Market Crash Liquidation Losses

Celsius has filed a lawsuit against BitMEX for $495 million over liquidations resulting from the 2020 market crash.

The lawsuit alleges that BitMEX's actions led to significant losses for Celsius, which had invested heavily in Bitcoin and other cryptocurrencies through its lending platform.

According to the lawsuit, BitMEX's liquidation of assets following the 2020 market crash caused Celsius to suffer substantial financial damage, resulting in a $495 million loss.