Claiming $495 Million: Celsius Bankruptcy Estate Sues BitMEX Operating Entities

Odaily News: The Celsius bankruptcy estate filed a lawsuit on September 12 with the United States Bankruptcy Court for the Southern District of New York, alleging that BitMEX operating entities engaged in fraud, market manipulation, and improper liquidation during the March 2020 Bitcoin crash, causing it to lose 6,360 BTC, worth approximately $495 million at the price at the time of filing. The defendants include HDR Global Trading, ABS Global Trading, Shine Effort, 100x Holdings, and HDR Global Services.