Fresh Round Of Objections Hits Celsius Ch. 11 Plan
By Hilary Russ · September 25, 2023, 8:44 PM EDT
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....
Cryptocurrency lending platform Celsius Network LLC filed for Chapter 11 bankruptcy in July, 2022 amid a marketwide downturn known as "crypto winter." In November, it received approval a bankruptcy plan allowing customers to receive crypto asset distributions.
Case Number
1:22-bk-10964
Judge
Martin Glenn
Venue
U.S. Bankruptcy Court for the Southern District of New York