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Celsius Bankruptcy Estate Files Suit Against BitMEX-Linked Entities Over 6,360.1666 BTC

AI Market Summary
Celsius's bankruptcy estate filed suit in SDNY against BitMEX-affiliated entities, alleging improper March 2020 liquidations involving 6,360.1666 BTC. The claim revives counterparty and platform conduct risk tied to legacy leverage events, potentially affecting perceived legal exposure around exchange affiliates. BitMEX's planned exchange shutdown on September 23 adds operational context, though near-term market impact should be contained absent broader spillovers.
Impact level
● Medium
Affected assets
BTC/USDT+7.35%
AI Insight · BTC/USDTAI Insight
● Neutral
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Odaily Planet Daily reported that Bitcoin News said in an X post that Celsius's bankruptcy estate filed a lawsuit on Sept. 12 in the U.S. District Court for the Southern District of New York against entities affiliated with BitMEX, accusing them of conducting improper liquidations in March 2020. The complaint alleges the bitcoins at issue include 1,325.8385 BTC that Celsius lost on March 12, plus another 5,034.3281 BTC obtained the next day from the fund JST Alpha 1. BitMEX is scheduled to cease exchange operations on Sept. 23.
BTC
BTC+7.28%
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