Regulation
Neutral
Celsius Bankruptcy Trustees Sue BitMEX Over $490 Million BTC Liquidation
Celsius bankruptcy trustees have sued BitMEX, claiming the exchange improperly liquidated and seized 6,360 BTC during the March 2020 market crash. The lawsuit seeks approximately $490 million (about 67.13 billion won) in damages. Cointelegraph reported that Celsius bankruptcy trustees filed the suit over the liquidation and seizure issue. The legal action was initiated ahead of BitMEX's exchange closure.
Korean Source
This article is an English localization of a Korean-language crypto news report. Original headline: 6360 BTC 청산 문제 삼은 셀시우스, 비트멕스 제소