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

By Rick Archer · September 28, 2023, 6:18 PM EDT

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...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

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

Capital Structure

Total Liabilities:

$5.5 billion

View Full Scorecard

Related Sections

Case Information

Case Title

Celsius Network LLC

Case Number

1:22-bk-10964

Court

New York Southern

Nature of Suit

Date Filed

July 13, 2022

Recent Articles By Rick