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:

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.
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.
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.
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.
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.
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.
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.
September 30, 2022
Celsius Seeking OK For Ch. 11 Asset Auction In November

Cryptocurrency lending platform Celsius Network is asking a New York bankruptcy judge to approve procedures for selling its business, saying it wants to put its retail platform and crypto holdings on the block in November.
September 28, 2022
Celsius Can't Redact Creditor Names From Ch. 11 Docs

Cryptocurrency platform Celsius Network LLC can't hide the names of its customer-creditors during its bankruptcy proceedings, a bankruptcy judge said Wednesday, unpersuaded by the company's argument that its customers' names were a critical business asset that should not fall into competitors' hands.
September 27, 2022
Celsius Network CEO Resigns In Midst Of Ch. 11 Case

The CEO of bankrupt cryptocurrency investment platform Celsius Network announced his resignation Tuesday in the midst of a creditor investigation into pre-petition conduct at the company.

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