Celsius Estate Sues BitMEX Over Alleged $490 Million Bitcoin Liquidation

VERA Brief

AI-generated. Grounded in the article and its cited sources.

The Celsius estate is suing BitMEX, alleging the exchange wrongfully liquidated and seized 6,360 Bitcoin during a market downturn. The estate is seeking to recover these assets, valued at approximately $490 million.

Key facts

• The Celsius estate has filed a lawsuit against BitMEX.
• The lawsuit alleges BitMEX improperly liquidated and seized 6,360 Bitcoin.
• This action allegedly occurred during the market downturn in March 2020.
• The seized Bitcoin is valued at approximately $490 million.
• The Celsius estate is seeking to recover the assets.