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Celsius Sues Crypto Co. BitMEX To Recoup $499M Of Bitcoin

By Clara Geoghegan · September 14, 2026, 7:06 PM EDT

The litigation administrator for defunct cryptocurrency group Celsius has sued BitMEX in New York bankruptcy court, accusing the digital asset derivative trading platform of manipulating the crypto market and triggering liquidation...

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Bankruptcy Scorecard

Summary

Cryptocurrency lending platform Celsius Network LLC filed for Chapter 11 bankruptcy in July, 2022 amid a marketwide downturn known as "crypto winter." In November, it received approval a bankruptcy plan allowing customers to receive crypto asset distributions.

Case Number

1:22-bk-10964

Judge

Martin Glenn

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$5.5 billion

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Documents

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Case Information

Case Title

Celsius Network LLC

Case Number

1:22-bk-10964

Court

New York Southern

Nature of Suit

Date Filed

July 13, 2022