January 26, 2023
A New York judge ruled Thursday that bankrupt cryptocurrency platform Celsius Network LLC can handle $115 million in institutional loans in the ordinary course of business, including returning loan collateral.
January 24, 2023
Bankrupt cryptocurrency platform Celsius Network told a New York judge Tuesday that it is moving toward a Chapter 11 plan that would create a new entity to manage its digital assets for the benefit of its customer creditors.
January 24, 2023
A New York bankruptcy judge Tuesday denied bankrupt cryptocurrency lender Celsius Network permission to file a claim in the Chapter 11 case of cryptocurrency platform Voyager Digital Holdings, saying Celsius' excuses for missing the claims deadline didn't pass muster.
January 20, 2023
A New York federal bankruptcy judge on Friday denied a bid by the bankrupt cryptocurrency platform Voyager Digital Holdings to file under seal a past agreement with bankrupt cryptocurrency lender Celsius, but allowed it to take another shot at its bid.
January 18, 2023
Bankrupt cryptocurrency lender Celsius hit Fabric Ventures Group with a breach of contract suit in New York federal court on Tuesday, claiming the former investor missed $6 million in commitments in the months before Celsius filed for bankruptcy.
January 04, 2023
The cryptocurrency that Celsius Network LLC account holders deposited into Earn program accounts before the crypto-lending company filed for Chapter 11 belongs to Celsius, and it may sell $18 million worth of those assets to keep funding its bankruptcy, a New York bankruptcy judge ruled Wednesday.
December 22, 2022
Insurers who didn't sign on to the Chapter 11 plan of the Boy Scouts of America slammed the $2.5 billion settlement trust in an appellate briefing, cryptocurrency exchange FTX said it will begin seeking clawback of prepetition distributions, and cosmetics giant Revlon Inc. reached a deal with creditors for a Chapter 11 plan. This is the week in bankruptcy.
December 20, 2022
Cryptocurrency platform Celsius Network told a New York bankruptcy judge Tuesday that it's working with potential asset buyers and on developing a restructuring plan, and should be able to say which way its Chapter 11 case will go by mid-January.
December 13, 2022
A New York bankruptcy judge Tuesday gave Celsius Network the go-ahead to pay $2.8 million in retention bonuses, overriding arguments by the U.S. Trustee's Office that the cryptocurrency platform's request was too short on details.
December 09, 2022
Celsius Network account holders were told they'll have to wait to get their crypto back, Alex Jones filed for personal bankruptcy, and a dispute over the lease for the former Sears store in the Mall of America reached the U.S. Supreme Court. This is the week in bankruptcy.