The Celsius estate has brought serious allegations against the cryptocurrency exchange BitMEX. The estate claims BitMEX engaged in wrongful conduct by liquidating and seizing a significant quantity of Bitcoin. These alleged actions took place amidst the widespread market instability observed during the March 2020 global market crash, forming the basis of the estate's dispute.
According to the estate's claims, BitMEX improperly handled a total of 6,360 Bitcoin. This substantial amount of cryptocurrency held a value of approximately $490 million at the time of the reported incident. The allegations center on the assertion that BitMEX's management of these funds was improper and led to their seizure.