Celsius Network LLC

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Case Number:

1:22-bk-10964

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. 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.

  2. 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.