Celsius Is In Settlement Talks On Ch. 11 TRO Changes
By Vince Sullivan · September 19, 2023, 9:10 PM EDT
Celsius Network Ltd. entered settlement talks Tuesday with crypto staking firm Stakehound SA in an effort to resolve proposed changes to a temporary restraining order that bars Stakehound from transferring assets...
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