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MLex

Celsius Network LLC

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Case Number:

1:22-bk-10964

Court:

New York Southern

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  1. November 27, 2023

    Celsius Creditors Balk At $281K In Bidder's Ch. 11 Fees

    The official committee of unsecured creditors in the Chapter 11 case of cryptocurrency lending platform Celsius Network opposed the payment of $281,000 in fees requested by a bidder that lost an auction for the reorganized debtor's assets, saying the code doesn't cover such expenses from a debtor's estate.

  2. November 21, 2023

    Celsius Network To Increase Creditor Payouts In Ch. 11 Exit

    Cryptocurrency investment platform Celsius Network said it has tweaked its confirmed Chapter 11 plan ahead of the launch of its new crypto mining company, and will distribute more crypto assets to creditors than initially planned.

  3. November 09, 2023

    Celsius Network Wins Ch. 11 Plan Approval

    Bankrupt cryptocurrency investment platform Celsius Network had its Chapter 11 plan confirmed by a New York judge, clearing a path forward for customers to receive crypto asset distributions while allowing the buyer of the platform to reorganize it as a digital mining enterprise.

  4. October 30, 2023

    Celsius Makes Final Arguments For Ch. 11 Reorg Plan

    Bankrupt cryptocurrency lender Celsius Network made its final case Monday to a New York bankruptcy judge for its Chapter 11 reorganization plan, saying the plan had the support of nearly all its customers and offered the best chance for them to maximize recoveries.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.