Celsius Network LLC

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Case Number:

1:22-bk-10964

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

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November 06, 2025
Under The Radar: Bankruptcy News You May Have Missed

A Firstbase.io creditor asked a judge to rethink approving another creditor's Chapter 11 plan for the debtor, Revlon is looking to quash an injury suit by invoking its plan's injunction mechanism, and the U.S. Trustee's Office encouraged a judge to reject Yellow's Chapter 11 plan.
October 22, 2025
Celsius Founder's Counsel Seeks Exit Over Unpaid Fees

Ruskin Moscou Faltischek PC asked a New York bankruptcy judge to let it withdraw as counsel for Alex Mashinsky, a co-founder of defunct cryptocurrency firm Celsius who recently began a 12-year prison sentence, citing irreconcilable differences in litigation strategy and Mashinsky's failure to pay significant outstanding legal fees.
August 04, 2025
Jackson Walker Settles Claims, Diocese's Ch. 11 Plan OK'd

Law firm Jackson Walker LLP settled another fee dispute tied to a former partner's romance with a former bankruptcy judge. A New York judge said he was ready to approve the Chapter 11 plan of Rochester's Catholic Diocese at an upcoming hearing. And CareerBuilder + Monster got approval for a $69 million asset sale. This is the week in bankruptcy.
July 30, 2025
Celsius Administrator Gets OK To Continue Clawbacks

A New York bankruptcy judge shot down challenges to attempts by the Chapter 11 plan administrator for Celsius Networks to claw back transfers, saying a settlement provision didn't prevent the administrator from pursuing the clawbacks and the transactions fall under U.S. jurisdiction.
June 30, 2025
Judge Says He Needs More Info On Celsius Clawback Suit

A New York bankruptcy judge Monday said he will have to take a closer look at British Virgin Islands law before he can determine if defunct cryptocurrency platform Celsius Network LLC can pursue in the U.S. its $2.3 billion clawback claim against stablecoin provider Tether.
June 26, 2025
Under The Radar: Bankruptcy News You May Have Missed

The U.S. Trustee's Office opposed Prospect Medical's Chapter 11 plan disclosure on the grounds that the plan can't be confirmed because of its release provisions; hospital operator Steward Health Care's former captive insurer appealed a bankruptcy judge's decision to OK a settlement Steward struck with secured lenders; and Celsius Network asked a federal judge to let its lawsuit targeting blockchain analysis company Chainalysis Inc. continue.
June 13, 2025
Celsius Founder To Drop Ch. 11 Claims After Prison Sentence

Claims asserted by Alexander Mashinsky, the founder of bankrupt cryptocurrency lender Celsius Networks, and his affiliated entities in the company's Chapter 11 case are being withdrawn and disallowed now that Mashinsky has been sentenced to prison.
May 29, 2025
Cloudflare Asks To Appeal Decision In $50M Celsius Case

Cybersecurity company Cloudflare has urged a New York bankruptcy judge to let it appeal his decision to not dismiss a $50 million adversary lawsuit brought against the business by cryptocurrency debtor Celsius Networks, saying that questions about the defendant's duty of care need to be addressed.
May 21, 2025
Chancery Orders Nominating Do-Over For Ionic Board Vote

Citing overwhelming trial evidence, a Delaware vice chancellor on Wednesday told bankrupt Celsius Network's Ionic Digital successor to reopen a board nomination window after finding that the company wrongly eliminated one of two director seats ahead of an election in a defensive move targeting dissident candidates.
May 06, 2025
Celsius Ch. 11 Suit Over $50M Cloudflare Hack Survives In NY

A New York bankruptcy judge on Tuesday denied a motion to dismiss negligence claims against cybersecurity company Cloudflare Inc., allowing a suit by former cryptocurrency platform Celsius Networks over a $50 million hack to survive.

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