Celsius Network LLC

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Case overview

Case Number:

1:22-bk-10964

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

August 12, 2024
Celsius Sues Tether For Over $2B In Ch. 11 Clawbacks

The defunct cryptocurrency platform Celsius Network has sued the largest stablecoin provider, Tether, seeking to claw back more than $2.3 billion worth of bitcoin and accusing Tether of improperly reaping the benefits of the digital coins for itself as Celsius was spiraling towards bankruptcy.
August 08, 2024
Celsius Crypto Distribution Dispute Heads For Mediation

A New York bankruptcy judge on Thursday sent defunct cryptocurrency investment platform Celsius Network and a group of its corporate customers into mediation to resolve an issue that left hundreds of the customers without the crypto they say they were due.
July 29, 2024
Celsius Blasted For Undisclosed Crypto Distribution Limits

A New York bankruptcy judge Monday chided the administrators of the remaining assets of defunct cryptocurrency investment platform Celsius Network for what he said were undisclosed limits on crypto distribution to hundreds of the exchange's former customers.
July 17, 2024
Co. Seeks $17M Refund Of Celsius' Payments For Mining Site

The successor to Celsius' bitcoin mining operation alleged in a New York bankruptcy court it is owed over $17 million in refunds for payments that the cryptocurrency platform company made to another firm that promised to build a crypto farm in Texas and failed to satisfy the agreement.
July 05, 2024
Celsius Seeks To Recover Prepetition Transfers

Bankrupt cryptocurrency investment platform Celsius Network LLC filed dozens of preference actions seeking to undo transfers from investors who successfully took more than $100,000 out of the crypto investment platform before it collapsed.
May 14, 2024
Stretto Says Data Leak Spread Beyond Celsius Case

A New York bankruptcy judge expressed alarm Tuesday after Stretto disclosed that a data breach in the Chapter 11 of Celsius Network last month had affected creditors in additional cases, warning the claims agent he would bar it from working on cases he oversees if it fails to properly deal with the cyberattacks.
May 13, 2024
Giuliani Gag Suit, FTX To Pay Up, Victims Seek Sanctions

Poll workers asked a bankruptcy court to bar Rudy Giuliani from making future defamatory statements like the ones that led to a $148 million judgment against him, while FTX said it plans to repay all customers in full in its proposed Chapter 11, and abuse claimants against the Roman Catholic Diocese of Syracuse are requesting sanctions for insurers that shared sensitive claims data.
May 07, 2024
Celsius Judge Blasts Stretto's 'Inexcusable' Data Breach Delay

A New York bankruptcy judge slammed claims agent Stretto on Tuesday in response to the company's failure to notify Celsius Network customers affected by a data breach last month, an incident that compelled the crypto lender to pause distributions to creditors.
May 02, 2024
US Trustee Says Celsius Committee Member Overstepped

The U.S. Trustee is fighting a bid by a Celsius Network creditor to "clear his name" after the bankruptcy watchdog accused him of overstepping his bounds by representing and counseling the unsecured creditors committee without permission.
April 05, 2024
Some Celsius Customers Struggle To Get Bankruptcy Payouts

Some former customers of bankrupt crypto lender Celsius Network may be aching for the days of low-tech paper checks, after being stymied by technical problems when they try to access the digital distributions they are supposed to receive as Chapter 11 creditors.

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