Celsius Network To Increase Creditor Payouts In Ch. 11 Exit

By Emily Lever · November 21, 2023, 8:16 PM EST

Cryptocurrency investment platform Celsius Network said it has tweaked its confirmed Chapter 11 plan ahead of the launch of its new crypto mining company, and will distribute more crypto assets to...

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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

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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

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