Celsius Network LLC

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Case Number:

1:22-bk-10964

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

September 15, 2022
Boy Scouts Plan Confirmed, Cineworld Hits Ch. 11

The Boy Scouts of America obtained approval for its Chapter 11 plan, the world's second-largest movie theater chain hit bankruptcy, and an examiner was appointed in the Celsius Network cryptocurrency case to investigate management's prepetition conduct. This is the week in bankruptcy.
September 14, 2022
Celsius Ch. 11 Examiner Appointed With Targeted Scope

A New York bankruptcy judge agreed Wednesday to appoint a Chapter 11 examiner in the case of cryptocurrency investment platform Celsius Network LLC to investigate the prepetition conduct of the company's leadership.
September 02, 2022
Sears, Boy Scouts Each Move Closer To Ch. 11 Resolutions

The yearslong dispute between Sears and its former CEO ended with a deal, the Boy Scouts of America took a giant leap toward confirmation, and crypto investment platform Celsius wants to release $56 million of digital assets. This is the week in bankruptcy.
September 01, 2022
Celsius Seeks OK To Return $56M In Crypto To Customers

Celsius Network on Thursday asked a New York bankruptcy judge for permission to release nearly $56 million in cryptocurrency to its customers, saying it had determined the crypto to be free and clear of any claims by Celsius in its Chapter 11 case.
August 24, 2022
Celsius Says Trust Co. Won't Turn Over $17M In Assets

Bankrupt cryptocurrency lending company Celsius has urged a New York federal court to order a former business partner to turn over roughly $17 million worth of crypto assets it held for certain Celsius customers, saying "it has no claim or title" to these assets.
August 23, 2022
Celsius Says Ex-Biz Partner Stole Millions In Crypto

Cryptocurrency lending company Celsius Network Ltd. filed an adversary action Tuesday in New York bankruptcy court accusing a former business partner, who had sued it last month, of stealing millions of dollars' worth of its cryptocurrency.
August 18, 2022
DOJ Says Examiner Can 'Neutralize' Distrust In Celsius Ch. 11

The U.S. Department of Justice's arm that oversees bankruptcy cases asked a New York bankruptcy judge Thursday to appoint an examiner in cryptocurrency platform Celsius Network's Chapter 11 case, saying an independent party needs to look into how the company runs its business in order to "neutralize" creditors' distrust.
August 16, 2022
Celsius Gets OK For Sales From Crypto Mining Operation

Cryptocurrency platform Celsius Network on Tuesday got the approval of a New York bankruptcy judge to sell the products of its crypto mining despite questions about the costs of the operation.
August 10, 2022
Endo Teeters On The Edge, Revlon Equity Committee Sought

Endo Pharmaceuticals said it is close to filing for bankruptcy over its opioid liability, Revlon shareholders want representation in its Chapter 11 case, and a North Carolina judge said sanctions worked on asbestos claimants in the Bestwall bankruptcy. This is the week in bankruptcy.
August 09, 2022
Celsius Ch. 11 Committee Probing CEO's 'Empty Promises'

The official committee of unsecured creditors in the Chapter 11 case of cryptocurrency platform Celsius Network told a New York federal bankruptcy judge late Monday that it's investigating "empty promises" the company's CEO made about the viability of the platform and its ability to honor customers' withdrawals.

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