Independent DeFi security desk · Status: operationalMethodology & corrections · Submit an incident
BTC$86.1K+1.01% ETH$2.7K+0.62% DeFi TVL$97.1BMarket data DEX 24h$11.6BMarket data ETH gas0.36 gweiNetwork data 2026-09-23 07:49 UTC
Incident record · Under review

Celsius sues BitMEX for $495 million just 11: Fraud or scam

Celsius Network’s bankruptcy estate has sued BitMEX over a 2020 liquidation cascade it says cost more than 6,360 Bitcoin. The complaint, filed Sept. 12 in the US Bankruptcy Court for the Southern District of New York, accuses entities behind the crypto derivatives exchange of fraud, market manipulation and wrongful liquidations during Bitcoin’s historic March 2020 […] The post Celsius sues BitMEX for $495 million just 11 days before exchange shutdown appeared first on CryptoSlate .

StatusUnder review
Reported loss$495.0M
ChainBitcoin
Confidence55%

Evidence boundary

Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.

Sources

Record history

First seen: 2026-09-16T13:20:18.000Z. Last updated: 2026-09-16T14:51:35.167Z. Revision: 1.