December 08, 2022
A New York bankruptcy judge reserved judgment Thursday on a proposed $44 million sale of assets by cryptocurrency platform Celsius Network, saying the deal would include potentially valuable causes of action for which the court needed additional information.
December 07, 2022
A New York bankruptcy judge declined to rule in favor of Celsius Network account holders in their bid to have crypto holdings on the platform released, saying the debtor created the account type in question too close to its bankruptcy filing and clawback actions may be filed in the future.
December 05, 2022
A New York bankruptcy judge on Monday said he will be ruling on whether customers of bankrupt Celsius Network gave up ownership of their cryptocurrency deposits while allowing Celsius to continue to pursue claims that an ex-business partner stole $10 million in assets.
December 02, 2022
The U.S. Trustee's Office on Friday objected to Celsius Network's revised request to pay $2.8 million in retention bonuses, saying the cryptocurrency lender's new motion is still short on information and doesn't take the current technology job market into account.
December 02, 2022
Rising interest rates forced a reverse mortgage lender into Chapter 11, cryptocurrency platform BlockFi succumbed to the downfall of exchange FTX Trading, and FTX itself faced calls for an examination of its collapse. This is the week in bankruptcy.
December 01, 2022
Bankrupt cryptocurrency lending platform Celsius Network Ltd. told a New York judge late Wednesday that some of its customers have been subjected to phishing attacks, with scammers posing as attorneys from the debtor's bankruptcy counsel.
November 29, 2022
A former business partner of bankrupt crypto company Celsius Network Ltd. asked a New York bankruptcy judge on Monday to reject a request by Celsius to freeze $35 million in assets Celsius alleges he stole, saying the assets were advanced payments under a contractual profit-sharing agreement.
November 21, 2022
A court-appointed examiner said bankrupt cryptocurrency platform Celsius Network Ltd. failed to enact proper controls over some funds deposited by customers, telling a New York judge that these customers may not be able to show what digital assets are their property.
November 15, 2022
Bankrupt crypto company Celsius Network Ltd. says a former business partner could soon abscond with $35 million in ether if a New York federal judge doesn't force the partner to hand over the keys to a wallet that rightfully belongs to Celsius.
November 07, 2022
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.