May 17, 2023
Attorneys for bankrupt cryptocurrency lending platform Celsius Network said Wednesday that its Chapter 11 asset auction remains ongoing as three qualified bidders continue to compete for the acquisition of the company's assets.
April 18, 2023
A New York bankruptcy judge Tuesday gave the unsecured creditors committee in the Celsius Network Chapter 11 case permission to seek to file a class action claim on behalf of customers alleging they opened Celsius accounts based on false statements.
April 14, 2023
Calling it a "pay-to-stay" retention plan, the U.S. Trustee's Office objected Friday to proposed incentive bonuses for insiders of bankrupt cryptocurrency platform Celsius Network that would pay $2.86 million to senior employees.
April 13, 2023
Embattled cryptocurrency lender Celsius Network has notified a New York bankruptcy court that it will file its upcoming disclosure statement for its reorganization later than previously planned to accommodate competing bidders who say they want to top the $45 million offer from the stalking horse bidder.
March 30, 2023
Bankrupt cryptocurrency lender Celsius Networks secured a New York federal court's approval Thursday for a larger-than-usual, $13 million bid protection covering the offer of stalking horse bidder NovaWulf Digital Management LP.
March 23, 2023
A New York bankruptcy judge put off a ruling Thursday on bid protections for cryptocurrency lender Celsius Networks' Chapter 11 stalking horse sale, pending responses next week from state and federal financial regulators regarding their views on its unfinished reorganization and sale plan.
March 21, 2023
A New York bankruptcy judge on Tuesday approved a deal struck between Celsius Network and the holders of its so-called "Custody" accounts that will allow account holders who settle to begin immediate withdrawals of some of their cryptocurrency.
March 15, 2023
The unsecured creditors committee in Celsius Network LLC's Chapter 11 case wants a New York bankruptcy judge to bar the collapsed crypto lending firm from paying millions of dollars in legal expenses for more than a dozen current and former employees who are cooperating with numerous investigations into the company's downfall.
March 09, 2023
A New York bankruptcy judge Thursday ruled that, under their terms of use, Celsius Network customers only have contractual claims against one of the cryptocurrency platform's entities, although he left the door open for claims of fraud and other wrongdoing against all Celsius affiliates.
March 08, 2023
Bankrupt cryptocurrency platform Celsius Network LLC received approval Wednesday to extend the period during which it has the exclusive right to file and seek votes for a Chapter 11 plan when a New York bankruptcy judge said the company has made significant progress since commencing its case.