According to CoinMeta, on September 12, the bankruptcy estate of Celsius filed a lawsuit against the operating entities of BitMEX in the U.S. Southern District Court of New York, accusing them of fraud, market manipulation, and improper liquidation practices during the Bitcoin crash in March 2020, which resulted in a loss of 6,360 BTC, valued at approximately $495 million at the time of submission. The defendants include HDR Global Trading, ABS Global Trading, Shine Effort, 100x Holdings, and HDR Global Services.