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FTC Says Celsius Founders Can't 'Jettison' Its Crypto Suit

By Aislinn Keely · September 26, 2023, 8:39 PM EDT

The U.S. Federal Trade Commission has told a New York federal judge that the co-founders of bankrupt crypto lender Celsius shouldn't be allowed to escape the agency's claims that they misused...

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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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Documents

Related Sections

Case Information

Case Title

Federal Trade Commission v. Celsius Network Inc. et al

Case Number

1:23-cv-06009

Court

New York Southern

Nature of Suit

Other Statutory Actions

Date Filed

July 13, 2023

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