Celsius Seeks OK To Settle Customer Fraud Claims

By Rick Archer · July 21, 2023, 8:08 PM EDT

Celsius Network is asking a New York bankruptcy judge to approve an offer to customers to add 5% to their Chapter 11 recovery in exchange for dropping claims they were induced...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Cryptocurrency lending platform Celsius Network LLC filed for Chapter 11 bankruptcy in July, 2022 amid a marketwide downturn known as "crypto winter." In November, it received approval a bankruptcy plan allowing customers to receive crypto asset distributions.

Case Number

1:22-bk-10964

Judge

Martin Glenn

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$5.5 billion

View Full Scorecard

Related Sections

Case Information

Case Title

Celsius Network LLC

Case Number

1:22-bk-10964

Court

New York Southern

Nature of Suit

Date Filed

July 13, 2022

Recent Articles By Rick