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:

March 01, 2024
McCarter & English Denied $1M Fee Bid In Celsius Ch. 11

A New York bankruptcy judge has granted requests by a number of creditor groups in the Celsius Network Chapter 11 case for fees and expenses but denied a $1 million request by a borrower group represented by McCarter & English, saying it had failed to make a substantial contribution to the case.
February 29, 2024
Celsius Floats Fix For Customers' 'Devastating' Ballot Blunder

Hundreds of Celsius Network customers who mistakenly elected to receive a reduced payout for their cryptocurrency claims would get a chance to correct their "devastating" error under a plan filed by the crypto company in New York bankruptcy court.
February 21, 2024
NY Court Weighs Greenlighting Celsius Ch. 11 Suits

A New York bankruptcy judge on Wednesday considered whether to hear two lawsuits filed in the Chapter 11 case of former cryptocurrency platform Celsius Network LLC, or if the complaints involving an account holder and a digital asset mining company should be dismissed or sent to arbitration.
January 18, 2024
Kirkland Seeks $78M As Debtors' Counsel To Celsius Network

Bankruptcy titan Kirkland & Ellis LLP asked Thursday for more than $78 million to top off its professional fees and expenses for representing cryptocurrency platform Celsius Network LLC, saying the bill is economical considering the yeoman's work its attorneys did in a complex and groundbreaking Chapter 11 case.
January 11, 2024
In Pitch For Fees, Celsius Creditors Say They Were Ch. 11 Key

The bankruptcy of crypto lender Celsius Network LLC isn't your everyday case, attorneys told a New York bankruptcy judge on Thursday, arguing that several groups of unsecured creditors should have their legal costs reimbursed because they made "substantial contributions" to the unusual Chapter 11 proceeding.
January 10, 2024
Celsius Insurers Seek OK To Pay Execs' Defense Costs

Four excess insurers asked a New York bankruptcy judge to let them provide defense coverage to Celsius Network executives facing investigations, subpoenas and lawsuits.
January 08, 2024
Celsius' Pro Se Creditors Say They Deserve Expense Awards

Two pro se creditors defended their expense reimbursement requests for items as small as deodorant and breath mints in the bankruptcy of Celsius Network Inc., while saying their participation in a mediation saved the estate money and helped confirm its Chapter 11 plan.
January 03, 2024
Celsius Owes $8M For Contract Breach, Crypto Co. Says

Mawson Infrastructure Group, a cryptocurrency mining services provider, asked a New York bankruptcy judge this week to toss an adversary complaint that bankrupt Celsius Networks leveled against it, arguing the dispute should be arbitrated and that it is actually Celsius that owes Mawson millions of dollars for a broken contract.
January 03, 2024
Celsius Fights Borrower Group's $1M Atty Fee Bid

Bankrupt cryptocurrency investment platform Celsius Network this week challenged $1 million in fees requested by a borrower ad hoc group, accusing the group of acting only in its own interest.
November 27, 2023
Celsius Creditors Balk At $281K In Bidder's Ch. 11 Fees

The official committee of unsecured creditors in the Chapter 11 case of cryptocurrency lending platform Celsius Network opposed the payment of $281,000 in fees requested by a bidder that lost an auction for the reorganized debtor's assets, saying the code doesn't cover such expenses from a debtor's estate.

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