Celsius Network LLC

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Case overview

Case Number:

1:22-bk-10964

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

July 17, 2024
Co. Seeks $17M Refund Of Celsius' Payments For Mining Site

The successor to Celsius' bitcoin mining operation alleged in a New York bankruptcy court it is owed over $17 million in refunds for payments that the cryptocurrency platform company made to another firm that promised to build a crypto farm in Texas and failed to satisfy the agreement.
July 05, 2024
Celsius Seeks To Recover Prepetition Transfers

Bankrupt cryptocurrency investment platform Celsius Network LLC filed dozens of preference actions seeking to undo transfers from investors who successfully took more than $100,000 out of the crypto investment platform before it collapsed.
May 14, 2024
Stretto Says Data Leak Spread Beyond Celsius Case

A New York bankruptcy judge expressed alarm Tuesday after Stretto disclosed that a data breach in the Chapter 11 of Celsius Network last month had affected creditors in additional cases, warning the claims agent he would bar it from working on cases he oversees if it fails to properly deal with the cyberattacks.
May 13, 2024
Giuliani Gag Suit, FTX To Pay Up, Victims Seek Sanctions

Poll workers asked a bankruptcy court to bar Rudy Giuliani from making future defamatory statements like the ones that led to a $148 million judgment against him, while FTX said it plans to repay all customers in full in its proposed Chapter 11, and abuse claimants against the Roman Catholic Diocese of Syracuse are requesting sanctions for insurers that shared sensitive claims data.
May 07, 2024
Celsius Judge Blasts Stretto's 'Inexcusable' Data Breach Delay

A New York bankruptcy judge slammed claims agent Stretto on Tuesday in response to the company's failure to notify Celsius Network customers affected by a data breach last month, an incident that compelled the crypto lender to pause distributions to creditors.
May 02, 2024
US Trustee Says Celsius Committee Member Overstepped

The U.S. Trustee is fighting a bid by a Celsius Network creditor to "clear his name" after the bankruptcy watchdog accused him of overstepping his bounds by representing and counseling the unsecured creditors committee without permission.
April 05, 2024
Some Celsius Customers Struggle To Get Bankruptcy Payouts

Some former customers of bankrupt crypto lender Celsius Network may be aching for the days of low-tech paper checks, after being stymied by technical problems when they try to access the digital distributions they are supposed to receive as Chapter 11 creditors.
March 01, 2024
McCarter & English Denied $1M Fee Bid In Celsius Ch. 11

A New York bankruptcy judge has granted requests by a number of creditor groups in the Celsius Network Chapter 11 case for fees and expenses but denied a $1 million request by a borrower group represented by McCarter & English, saying it had failed to make a substantial contribution to the case.
February 29, 2024
Celsius Floats Fix For Customers' 'Devastating' Ballot Blunder

Hundreds of Celsius Network customers who mistakenly elected to receive a reduced payout for their cryptocurrency claims would get a chance to correct their "devastating" error under a plan filed by the crypto company in New York bankruptcy court.
February 21, 2024
NY Court Weighs Greenlighting Celsius Ch. 11 Suits

A New York bankruptcy judge on Wednesday considered whether to hear two lawsuits filed in the Chapter 11 case of former cryptocurrency platform Celsius Network LLC, or if the complaints involving an account holder and a digital asset mining company should be dismissed or sent to arbitration.

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