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:

  1. October 03, 2023

    Celsius CEO Defends Crypto Token Deal In Ch. 11 Plan

    The interim CEO of cryptocurrency lender Celsius Network told a New York bankruptcy judge Tuesday that the company's proposed Chapter 11 plan will produce a healthy crypto mining company and that its deal for holders of its in-house token is fair.

  2. October 02, 2023

    Celsius Network Seeks OK For Ch. 11 Reorganization

    Counsel for cryptocurrency lender Celsius Network opened the confirmation hearing for its Chapter 11 reorganization plan Monday by telling a New York bankruptcy judge that the plan had "overwhelming" support from the company's account holders.

  3. September 28, 2023

    Celsius Judge Questions Value Of Token Offer In Ch. 11 Plan

    A New York bankruptcy judge told counsel for cryptocurrency lender Celsius Network on Thursday that it will need to make its case that the returns it's offering to holders of its in-house crypto token are a good deal when it seeks approval of its Chapter 11 plan next week.

  4. September 25, 2023

    Fresh Round Of Objections Hits Celsius Ch. 11 Plan

    Bankrupt cryptocurrency lender Celsius Networks is facing new opposition to its Chapter 11 plan, with creditors objecting to provisions giving them equity in a new company and other proposals.

  5. September 21, 2023

    Celsius Reaches Ch. 11 TRO Deal With Crypto Staking Firm

    Bankrupt cryptocurrency trading platform Celsius Network Ltd. told a New York judge Thursday that it had reached an agreement with a digital coin staking firm that makes additional funds available for the firm to meet its operational needs and avoid litigation over a temporary restraining order.

  6. September 20, 2023

    Celsius Approved To Pay Ch. 11 Fees For Employee Witnesses

    Bankrupt cryptocurrency platform Celsius Network Ltd. can cover the legal expenses of employees and officers who cooperate with investigations into the company's prepetition operations after a New York judge found Wednesday that the safeguards included in the reimbursement procedures were adequate.

  7. September 19, 2023

    Celsius Is In Settlement Talks On Ch. 11 TRO Changes

    Celsius Network Ltd. entered settlement talks Tuesday with crypto staking firm Stakehound SA in an effort to resolve proposed changes to a temporary restraining order that bars Stakehound from transferring assets in the midst of a $150 million dispute with the debtor.

  8. August 14, 2023

    Celsius Gets OK For Customer Deal, Ch. 11 Plan Vote

    A New York bankruptcy judge Monday gave cryptocurrency platform Celsius Network permission to settle fraud claims from its account holders and to send its proposed Chapter 11 reorganization plan out for a creditor vote.

  9. July 21, 2023

    Celsius Seeks OK To Settle Customer Fraud Claims

    Celsius Network is asking a New York bankruptcy judge to approve an offer to customers to add 5% to their Chapter 11 recovery in exchange for dropping claims they were induced to deposit their cryptocurrency with Celsius by lies.

  10. June 28, 2023

    Celsius Bankruptcy Judge Wants SEC Opinion On Token

    A U.S. bankruptcy judge asked securities regulators Wednesday to weigh in on whether bankrupt lender Celsius Network's native token may be a security in order to discern how the platform's token holders should be paid out in the Chapter 11 process.