Celsius Network LLC, et al.

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Case Number:

1:22-bk-10964

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

May 21, 2025
Chancery Orders Nominating Do-Over For Ionic Board Vote

Citing overwhelming trial evidence, a Delaware vice chancellor on Wednesday told bankrupt Celsius Network's Ionic Digital successor to reopen a board nomination window after finding that the company wrongly eliminated one of two director seats ahead of an election in a defensive move targeting dissident candidates.
May 06, 2025
Celsius Ch. 11 Suit Over $50M Cloudflare Hack Survives In NY

A New York bankruptcy judge on Tuesday denied a motion to dismiss negligence claims against cybersecurity company Cloudflare Inc., allowing a suit by former cryptocurrency platform Celsius Networks over a $50 million hack to survive.
April 24, 2025
Chancery Nixes Toss Of Crypto Co. Board Cut Challenge

Stockholders of cryptocurrency mining venture Ionic Digital Inc., formed out of the bankruptcy of Celsius Network LLC in Delaware, beat a motion Thursday to toss their suit challenging a one-seat board reduction, with a trial over the matter and other related claims slated to go forward on May 8.
April 09, 2025
Celsius' Suit Against Blockchain Analysts Heads To Fed. Court

A New York federal district court has granted a request from blockchain analysis company Chainalysis to preside over an adversary lawsuit brought against it by the litigation administrator for defunct cryptocurrency platform Celsius Network LLC, after the parties indicated they agreed to transfer the case out of bankruptcy court.
February 11, 2025
Celsius Crypto Spinoff Stockholders Sue For Board Docs

Stockholders of Ionic Digital Inc., a company formed to hold and operate digital mining assets of bankrupt Celsius Network LLC, have sued in Delaware's Court of Chancery for access to the company's stockholder lists in order to run a competing slate of directors.
December 20, 2024
Under The Radar: Bankruptcy News You May Have Missed

Bankrupt cryptocurrency company Celsius Network warned of another phishing attempt, a Brooklyn condo developer's Chapter 11 case was dismissed and a Canadian power services company reached a settlement with the owner of its debt.
November 15, 2024
Under The Radar: Bankruptcy News You May Have Missed

A New York bankruptcy judge denied retail creditors to Celsius Network discovery into the crypto lender's bankruptcy plan administration, Johnson & Johnson's talc unit bit back at efforts to dismiss its Chapter 11 case, and the Archdiocese of New Orleans established non-monetary child protections with its unsecured creditors. Here are some bankruptcy stories that may have slipped past you this week.
November 13, 2024
Crypto Platform Celsius Reports $92M In Litigation Recoveries

Representatives of the Chapter 11 estate of cryptocurrency company Celsius Network on Wednesday told a New York bankruptcy judge they recovered $92 million in litigation proceeds in the third quarter and are approaching full distributions to customers.
November 12, 2024
Celsius Judge Rejects Pro Se Creditor's $206,000 Fee Bid

The woman who chaired an ad hoc committee of corporate creditors in Celsius Network's Chapter 11 case lost her bid Tuesday to be paid $206,300 for her work, with a New York bankruptcy judge denying her application after finding that her efforts were primarily self-interested and potentially duplicative.
October 08, 2024
Celsius Says It Sent Out $2.6B To Creditors In Crypto, Cash

Celsius Network reported that the reorganized debtor has now distributed a total of $2.57 billion to creditors and customers in both cash and cryptocurrency, meaning more than two-thirds of creditors have received a recovery.

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