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:

November 21, 2022
Ch. 11 Examiner Says Celsius Didn't Track Customer Funds

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
Celsius Says It Fears $35M Crypto Theft From Ex-Biz Partner

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, Customers Spar On Crypto Account Custody

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.
November 01, 2022
Judge Widens Celsius Examiner Role, Rejects Bonus Pay

A New York bankruptcy judge Tuesday expanded the scope of the investigation of the examiner in the Celsius Network bankruptcy and told the cryptocurrency lender it would have to release more information before he could approve $3 million in worker bonuses.
October 28, 2022
Celsius Network Gets OK To Auction, GWG To Raise Money

Crypto lender Celsius Network got the go-ahead to auction off its assets, bond seller GWG Holdings got permission to raise $630 million to pay back its bankruptcy loans and Axos Bank was hit with an $18.3 million verdict for pilfering MUFG Union Bank's Chapter 7 trustee deposit business. This is the week in bankruptcy.
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.

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