As we have been discussing in prior updates, the bankruptcy case of Celsius Network LLC is reaching an important milestone as most creditors now have the ability to vote on the Plan of Reorganization proposed by the Debtors...more
In a major step forward for the reorganization of Celsius Network LLC and its affiliated debtors (the "Debtors"), the United States Bankruptcy Court for the Southern District of New York approved the adequacy of the Debtors’...more
8/21/2023
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Blockchain ,
Commercial Bankruptcy ,
Creditors ,
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FinTech ,
Proxy Voting ,
Reorganizations ,
Solicitation
Introduction -
After multiple delays, on June 27th, Celsius Network, LLC and certain of its affiliates as debtors and debtors in possession (collectively, the “Debtors” the “Company” or “Celsius”) filed a disclosure...more