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Celsius Network LLC
Case Number:
1:22-bk-10964
Court:
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Sectors & Industries:
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August 09, 2022
Celsius Ch. 11 Committee Probing CEO's 'Empty Promises'
The official committee of unsecured creditors in the Chapter 11 case of cryptocurrency platform Celsius Network told a New York federal bankruptcy judge late Monday that it's investigating "empty promises" the company's CEO made about the viability of the platform and its ability to honor customers' withdrawals.
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August 05, 2022
Texas Regulators Call Celsius' Plans For Its Crypto Too Risky
Texas securities regulators asked a New York bankruptcy judge to reject cryptocurrency platform Celsius Network's request for permission to monetize the bitcoin it mines, saying Friday that Celsius should not get "carte blanche" to dispose of its cryptocurrency as it sees fit.
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July 21, 2022
Crypto Dominos Keep Falling, J&J Wants Talc Injunction
Another cryptocurrency player succumbs to marketwide distress, Johnson & Johnson's bankrupt talc unit seeks a pause of talc suits brought by state attorneys general and a $21 million settlement in the liquidation of defunct law firm LeClairRyan is drawing appeals from the bankruptcy watchdog. This is the week in bankruptcy.
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July 18, 2022
Celsius Says Ch. 11 Is Focused On Reorganization Plans
Attorneys for bankrupt cryptocurrency platform Celsius Network LLC sought to allay the concerns of its customers during an initial court appearance Monday in New York, saying the debtor intended to reorganize its business and that customers wouldn't be forced to take regular fiat currency as a recovery on their claims.
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July 14, 2022
Celsius CEO Blames Ch. 11 On Crypto Crash, 'Poor Decisions'
Cryptocurrency platform Celsius Network is seeking Chapter 11 protection with a shortfall of nearly $1.2 billion thanks to the cryptocurrency market downturn and "poor asset deployment decisions," the company's CEO told a New York bankruptcy court Thursday.
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July 14, 2022
Ch. 11 Cheat Sheet: Celsius Network LLC
Cryptocurrency lending platform Celsius Network LLC became the latest industry player to fall into bankruptcy Thursday, suffering from the marketwide downturn known as "crypto winter" that has led to massive drops in value and unsustainable customer demands for asset withdrawals.