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Celsius

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26 Mar 23

Celsius sets end of April as new deadline for proof of claim

After the Customer Contract Decision, the bankruptcy partner at McCarter & English, LLP, David Adler, announced that Celsius is adjusting its timetables. Apr. 28, 2023, is the new cutoff, also called the Bar Date. Because of this amendment, it is now possible for creditors to provide evidence of a claim within the allotted period. Previously, a court […]

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21 Mar 23

Celsius to repay 72.5% of the crypto assets on custody account settlement

A federal judge authorized a settlement in the bankruptcy case of the defunct crypto lender Celsius. Holders of custodial accounts can now collect 72.5% of the crypto in such arrangements. During a hearing on March 21 in the US Bankruptcy Court for the Southern District of New York, Judge Martin Glenn approved a compromise between […]

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25 Jan 23

Chief Judge denies third motion by Celsius clients

In a court order issued today by the United States Bankruptcy Court in the Southern District of New York, a motion filed by a former Celsius Earn Account Holder was denied. Users attempt to retrieve funds as Celsius announces recovery plan The denied motion filed by Rebecca Gallagher was an attempt to obtain a ruling […]

If you ever used Celsius its very likely that your wallets are DOXXED

05 Jan 23

NY Attorney General to sue Celsius ex-CEO for fraud

New York Attorney General Letitia James took to Twitter to announce she will file a lawsuit against former Celsius CEO Alex Mashinsky for defrauding investors. Celsius ex-CEO faces legal action The New York AG has accused Alex Mashinsky, the former CEO of Celsius Network, of committing fraud against hundreds of thousands of venture capitalists by […]

Celsius Files Lawsuit Claiming KeyFi Stole Millions of Dollars in Crypto

05 Jan 23

Federal judge gives Celsius Network control of $4.2b in client assets

Chief Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York, in a Jan. 4 ruling, said the $4.2 billion of assets that had been locked in Celsius Network LLC’s Earn program belongs to the now bankrupt lending platform, and not its clients. The judgment will have a massive […]

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29 Dec 22

Celsius to extend claim deadline

Celsius, once a well-known cryptocurrency lender with over 1.7 million users handling over $10 billion in assets, filed for bankruptcy protection in July 2021. The exchange filed for bankruptcy protection due to financial difficulties caused by a downturn in the cryptocurrency market. It is crucial for stakeholders to be aware of the approaching final date […]

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