Celsius sues BitMEX to recover 6,360 BTC worth $491 million
- —The suit was filed in the US Bankruptcy Court for the Southern District of New York against five BitMEX legal entities
- —It challenges the liquidation of 6,360.1666 BTC during the March 2020 crash
- —The claim is currently valued at about $491 million
Why it matters: The lawsuit could increase payouts to Celsius creditors and set a precedent for challenging exchange liquidations during periods of extreme volatility.
Source: Coinotag