Celsius Network Seeks OK For Ch. 11 Reorganization
By Rick Archer · October 2, 2023, 7:59 PM EDT
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...
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