Celsius Judge Blasts Stretto's 'Inexcusable' Data Breach Delay

By Alex Wittenberg · May 7, 2024, 7:00 PM EDT

A New York bankruptcy judge slammed claims agent Stretto on Tuesday in response to the company's failure to notify Celsius Network customers affected by a data breach last month, an incident...

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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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