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:

December 02, 2022
U.S. Trustee Says Celsius Bonus Motion Still Missing Info

The U.S. Trustee's Office on Friday objected to Celsius Network's revised request to pay $2.8 million in retention bonuses, saying the cryptocurrency lender's new motion is still short on information and doesn't take the current technology job market into account.
December 02, 2022
Interest Rates Doom Lender, Crypto Winter Persists

Rising interest rates forced a reverse mortgage lender into Chapter 11, cryptocurrency platform BlockFi succumbed to the downfall of exchange FTX Trading, and FTX itself faced calls for an examination of its collapse. This is the week in bankruptcy.
December 01, 2022
Celsius Ch. 11 Creditors Hit With Crypto Phishing Attacks

Bankrupt cryptocurrency lending platform Celsius Network Ltd. told a New York judge late Wednesday that some of its customers have been subjected to phishing attacks, with scammers posing as attorneys from the debtor's bankruptcy counsel.
November 29, 2022
Celsius Ex-Partner Rebuffs 'Stolen' Crypto Claims

A former business partner of bankrupt crypto company Celsius Network Ltd. asked a New York bankruptcy judge on Monday to reject a request by Celsius to freeze $35 million in assets Celsius alleges he stole, saying the assets were advanced payments under a contractual profit-sharing agreement.
November 21, 2022
Ch. 11 Examiner Says Celsius Didn't Track Customer Funds

A court-appointed examiner said bankrupt cryptocurrency platform Celsius Network Ltd. failed to enact proper controls over some funds deposited by customers, telling a New York judge that these customers may not be able to show what digital assets are their property.
November 15, 2022
Celsius Says It Fears $35M Crypto Theft From Ex-Biz Partner

Bankrupt crypto company Celsius Network Ltd. says a former business partner could soon abscond with $35 million in ether if a New York federal judge doesn't force the partner to hand over the keys to a wallet that rightfully belongs to Celsius.
November 07, 2022
Celsius, Customers Spar On Crypto Account Custody

Celsius Network is asking a New York bankruptcy judge to allow it to maintain custody over certain of its customer accounts to offset potential claims, while the account holders argued their assets should be returned to them until Celsius proves those claims.
November 01, 2022
Judge Widens Celsius Examiner Role, Rejects Bonus Pay

A New York bankruptcy judge Tuesday expanded the scope of the investigation of the examiner in the Celsius Network bankruptcy and told the cryptocurrency lender it would have to release more information before he could approve $3 million in worker bonuses.
October 28, 2022
Celsius Network Gets OK To Auction, GWG To Raise Money

Crypto lender Celsius Network got the go-ahead to auction off its assets, bond seller GWG Holdings got permission to raise $630 million to pay back its bankruptcy loans and Axos Bank was hit with an $18.3 million verdict for pilfering MUFG Union Bank's Chapter 7 trustee deposit business. This is the week in bankruptcy.
October 26, 2022
Celsius Creditors Ask Court To Bar Stablecoin Sales

Unsecured creditors of cryptocurrency lending company Celsius Network LLC are asking a New York bankruptcy judge to deny the company permission to sell its stock of so-called stablecoin cryptocurrency, saying it has yet to prove it owns the assets.

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