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Celsius Network LLC

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Case Number:

1:22-bk-10964

Court:

New York Southern

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  1. September 30, 2022

    Celsius Seeking OK For Ch. 11 Asset Auction In November

    Cryptocurrency lending platform Celsius Network is asking a New York bankruptcy judge to approve procedures for selling its business, saying it wants to put its retail platform and crypto holdings on the block in November.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.

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