Celsius Reaches Ch. 11 TRO Deal With Crypto Staking Firm
By Vince Sullivan · September 21, 2023, 7:30 PM EDT
Bankrupt cryptocurrency trading platform Celsius Network Ltd. told a New York judge Thursday that it had reached an agreement with a digital coin staking firm that makes additional funds available for...
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