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Celsius Network LLC

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Case overview

Case Number:

1:22-bk-10964

Court:

New York Southern

Nature of Suit:

Firms

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Government Agencies

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  1. November 07, 2022

    Celsius, Customers Spar On Crypto Account Custody

    Celsius Network is asking a New York bankruptcy judge to allow it to maintain custody over certain of its customer accounts to offset potential claims, while the account holders argued their assets should be returned to them until Celsius proves those claims.

  2. November 01, 2022

    Judge Widens Celsius Examiner Role, Rejects Bonus Pay

    A New York bankruptcy judge Tuesday expanded the scope of the investigation of the examiner in the Celsius Network bankruptcy and told the cryptocurrency lender it would have to release more information before he could approve $3 million in worker bonuses.

  3. October 28, 2022

    Celsius Network Gets OK To Auction, GWG To Raise Money

    Crypto lender Celsius Network got the go-ahead to auction off its assets, bond seller GWG Holdings got permission to raise $630 million to pay back its bankruptcy loans and Axos Bank was hit with an $18.3 million verdict for pilfering MUFG Union Bank's Chapter 7 trustee deposit business. This is the week in bankruptcy.

  4. October 26, 2022

    Celsius Creditors Ask Court To Bar Stablecoin Sales

    Unsecured creditors of cryptocurrency lending company Celsius Network LLC are asking a New York bankruptcy judge to deny the company permission to sell its stock of so-called stablecoin cryptocurrency, saying it has yet to prove it owns the assets.

  5. October 24, 2022

    Judge OKs Celsius Ch. 11 Auction, Rejects Equity Committee

    A New York bankruptcy judge on Monday approved bankrupt cryptocurrency platform Celsius Network's plans to put its assets up for auction in December and rejected a call to appoint a committee to represent shareholders in the Chapter 11 case.

  6. October 21, 2022

    Navient Collections Halted, Mallinckrodt Faces $1.6B Suit

    Navient Solutions is appealing a nationwide injunction barring it from collecting on certain student loans discharged through bankruptcy, Mallinckrodt creditors are suing for the return of $1.6 billion used to buy back shares pre-bankruptcy, and liquidators for crypto hedge fund Three Arrows Capital want to serve subpoenas via Twitter. This is the week in bankruptcy.

  7. October 20, 2022

    Celsius Adjusts Asset Auction Request To December

    Celsius Network Thursday asked a New York bankruptcy judge to approve bid procedures for its assets after saying it had pushed its sale timeline back a month to allow the resolution of questions around the ownership of its cryptocurrency.

  8. October 14, 2022

    Celsius Network Creditors Oppose Ch. 11 Equity Committee

    Unsecured creditors of cryptocurrency investment platform Celsius Network LLC objected late Thursday to the appointment of an official committee of preferred equity security holders, telling a Delaware bankruptcy court such an appointment would be redundant and unnecessary.

  9. October 07, 2022

    Celsius Customers To Get Crypto Ownership Answers In Dec.

    The New York bankruptcy judge overseeing Celsius Network's Chapter 11 case Friday set a December date to resolve the question of who owns the cryptocurrency in certain types of accounts on the crypto platform.

  10. October 06, 2022

    Celsius Execs Withdrew $17M In Crypto Before Bankruptcy

    The former CEO and the co-founder of cryptocurrency platform Celsius Network LLC withdrew nearly $17 million in crypto in the weeks before it froze customer accounts and filed for Chapter 11, according to documents filed in a New York bankruptcy court.

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