Celsius CEO Defends Crypto Token Deal In Ch. 11 Plan

By Rick Archer · October 3, 2023, 7:57 PM EDT

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...

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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

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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

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