Celsius Network LLC

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Case overview

Case Number:

1:22-bk-10964

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

September 28, 2022
Celsius Can't Redact Creditor Names From Ch. 11 Docs

Cryptocurrency platform Celsius Network LLC can't hide the names of its customer-creditors during its bankruptcy proceedings, a bankruptcy judge said Wednesday, unpersuaded by the company's argument that its customers' names were a critical business asset that should not fall into competitors' hands.
September 27, 2022
Celsius Network CEO Resigns In Midst Of Ch. 11 Case

The CEO of bankrupt cryptocurrency investment platform Celsius Network announced his resignation Tuesday in the midst of a creditor investigation into pre-petition conduct at the company.
September 16, 2022
Celsius Seeks Court OK To Fund Ch. 11 With Stablecoin Sales

Bankrupt cryptocurrency lending company Celsius Network LLC is asking a New York bankruptcy judge for permission to make sales out of its stock of stablecoin, saying it would allow it to fund its Chapter 11 case at no risk to creditors.
September 15, 2022
Boy Scouts Plan Confirmed, Cineworld Hits Ch. 11

The Boy Scouts of America obtained approval for its Chapter 11 plan, the world's second-largest movie theater chain hit bankruptcy, and an examiner was appointed in the Celsius Network cryptocurrency case to investigate management's prepetition conduct. This is the week in bankruptcy.
September 14, 2022
Celsius Ch. 11 Examiner Appointed With Targeted Scope

A New York bankruptcy judge agreed Wednesday to appoint a Chapter 11 examiner in the case of cryptocurrency investment platform Celsius Network LLC to investigate the prepetition conduct of the company's leadership.
September 02, 2022
Sears, Boy Scouts Each Move Closer To Ch. 11 Resolutions

The yearslong dispute between Sears and its former CEO ended with a deal, the Boy Scouts of America took a giant leap toward confirmation, and crypto investment platform Celsius wants to release $56 million of digital assets. This is the week in bankruptcy.
September 01, 2022
Celsius Seeks OK To Return $56M In Crypto To Customers

Celsius Network on Thursday asked a New York bankruptcy judge for permission to release nearly $56 million in cryptocurrency to its customers, saying it had determined the crypto to be free and clear of any claims by Celsius in its Chapter 11 case.
August 24, 2022
Celsius Says Trust Co. Won't Turn Over $17M In Assets

Bankrupt cryptocurrency lending company Celsius has urged a New York federal court to order a former business partner to turn over roughly $17 million worth of crypto assets it held for certain Celsius customers, saying "it has no claim or title" to these assets.
August 23, 2022
Celsius Says Ex-Biz Partner Stole Millions In Crypto

Cryptocurrency lending company Celsius Network Ltd. filed an adversary action Tuesday in New York bankruptcy court accusing a former business partner, who had sued it last month, of stealing millions of dollars' worth of its cryptocurrency.
August 18, 2022
DOJ Says Examiner Can 'Neutralize' Distrust In Celsius Ch. 11

The U.S. Department of Justice's arm that oversees bankruptcy cases asked a New York bankruptcy judge Thursday to appoint an examiner in cryptocurrency platform Celsius Network's Chapter 11 case, saying an independent party needs to look into how the company runs its business in order to "neutralize" creditors' distrust.

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