Celsius Network LLC, et al.

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Case overview

Case Number:

1:22-bk-10964

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

October 21, 2022
Navient Collections Halted, Mallinckrodt Faces $1.6B Suit

Navient Solutions is appealing a nationwide injunction barring it from collecting on certain student loans discharged through bankruptcy, Mallinckrodt creditors are suing for the return of $1.6 billion used to buy back shares pre-bankruptcy, and liquidators for crypto hedge fund Three Arrows Capital want to serve subpoenas via Twitter. This is the week in bankruptcy.
October 20, 2022
Celsius Adjusts Asset Auction Request To December

Celsius Network Thursday asked a New York bankruptcy judge to approve bid procedures for its assets after saying it had pushed its sale timeline back a month to allow the resolution of questions around the ownership of its cryptocurrency.
October 14, 2022
Celsius Network Creditors Oppose Ch. 11 Equity Committee

Unsecured creditors of cryptocurrency investment platform Celsius Network LLC objected late Thursday to the appointment of an official committee of preferred equity security holders, telling a Delaware bankruptcy court such an appointment would be redundant and unnecessary.
October 07, 2022
Celsius Customers To Get Crypto Ownership Answers In Dec.

The New York bankruptcy judge overseeing Celsius Network's Chapter 11 case Friday set a December date to resolve the question of who owns the cryptocurrency in certain types of accounts on the crypto platform.
October 06, 2022
Celsius Execs Withdrew $17M In Crypto Before Bankruptcy

The former CEO and the co-founder of cryptocurrency platform Celsius Network LLC withdrew nearly $17 million in crypto in the weeks before it froze customer accounts and filed for Chapter 11, according to documents filed in a New York bankruptcy court.
September 30, 2022
Celsius Seeking OK For Ch. 11 Asset Auction In November

Cryptocurrency lending platform Celsius Network is asking a New York bankruptcy judge to approve procedures for selling its business, saying it wants to put its retail platform and crypto holdings on the block in November.
September 28, 2022
Celsius Can't Redact Creditor Names From Ch. 11 Docs

Cryptocurrency platform Celsius Network LLC can't hide the names of its customer-creditors during its bankruptcy proceedings, a bankruptcy judge said Wednesday, unpersuaded by the company's argument that its customers' names were a critical business asset that should not fall into competitors' hands.
September 27, 2022
Celsius Network CEO Resigns In Midst Of Ch. 11 Case

The CEO of bankrupt cryptocurrency investment platform Celsius Network announced his resignation Tuesday in the midst of a creditor investigation into pre-petition conduct at the company.
September 16, 2022
Celsius Seeks Court OK To Fund Ch. 11 With Stablecoin Sales

Bankrupt cryptocurrency lending company Celsius Network LLC is asking a New York bankruptcy judge for permission to make sales out of its stock of stablecoin, saying it would allow it to fund its Chapter 11 case at no risk to creditors.
September 15, 2022
Boy Scouts Plan Confirmed, Cineworld Hits Ch. 11

The Boy Scouts of America obtained approval for its Chapter 11 plan, the world's second-largest movie theater chain hit bankruptcy, and an examiner was appointed in the Celsius Network cryptocurrency case to investigate management's prepetition conduct. This is the week in bankruptcy.

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