Celsius Creditors Balk At $281K In Bidder's Ch. 11 Fees
By Vince Sullivan · November 27, 2023, 8:26 PM EST
The official committee of unsecured creditors in the Chapter 11 case of cryptocurrency lending platform Celsius Network opposed the payment of $281,000 in fees requested by a bidder that lost an...
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