Key Takeaways BRIC is suing five BitMEX entities to recover 6,360 BTC for former Celsius customers over March 2020 liquidations. The lawsuit repeats earlier “God Access” and insider trading allegations. BRIC also alleges BitMEX’s liquidation process worsened the March 2020 bitcoin crash. In short, on Sept. 12, Blockchain Recovery Investment Consortium (BRIC), a joint venture of Vaneck and GXD Labs, sued five BitMEX entities in the U.S. Bankruptcy Court in Manhattan, seeking to recover 6,360 BTC ($485 million) for Celsius’ former customers. The suit is essentially about two trading accounts that BitMEX closed during the COVID crash of March 12–13, …
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The CFTC has granted conditional broker-registration relief to passive software providers under a no-action position that sets 10 requirements for developers offering tools connected to …
