Celsius Network LLC Committee

Case No. 22-10964


Case Background

On July 13, 2022, Celsius Network LLC and certain of its affiliates ("Celsius" or the "Debtors") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. The cases are pending before the Honorable Martin Glenn in the U.S. Bankruptcy Court for the Southern District of New York and are being jointly administered under Case No. 22-10964. The case docket can be accessed here or through the link on the left.

This website is maintained by the Official Committee of Unsecured Creditors (the “UCC”) and Kroll Restructuring Administration (“Kroll”), the UCC’s claims and noticing agent, and was created to provide information regarding Celsius' Chapter 11 Cases and assist creditors and account holders in understanding the bankruptcy process. It is maintained for informational purposes only and does not contain official Bankruptcy Court records.

The Official Committee of Unsecured Creditors

On July 27, 2022, the United States Trustee for Region 2 (the “U.S. Trustee”) appointed seven account holders to serve on the UCC and represent the interests of the Debtors’ account holders and unsecured creditors.  The UCC has retained legal counsel and other advisors. Contact information for the UCC’s legal counsel is available at the bottom of this page.

Additionally, the UCC’s Recap of Certain Recent Key Updates can be found here.

Important Information & Dates

Deadlines to File Claims (“Bar Date”)

  • On November 16, 2022, the Court entered an Order (available here) that requires all persons and entities that have Claims against the Debtors that arose before July 13, 2022 (the “Petition Date”) to submit a written proof of such Claim (a “Proof of Claim”) to the Debtors’ Noticing and Claims Agent, Stretto, Inc., so as to be actually received on or before 5:00 p.m. prevailing Eastern Time on January 3, 2023.  The failure to file a Proof of Claim will bar any future attempt to assert such Claim.
  • You do not need to file a Proof of Claim with respect solely to the obligation of the Debtors to return cryptocurrency transferred to Celsius if Celsius’ Schedules of Assets and Liabilities is correct (available here) and accurately reflect the amount of your cryptocurrency obligations with Celsius.  Even if your Claim is properly scheduled, you may still file a Proof of Claim.
  • If you have a Claim or cause of action for damages or any other relief against the Debtors based on prepetition acts or conduct, you must file a Proof of Claim by the bar date that describes your Claim and provides support for such Claim.
  • You may electronically file a Proof of Claim using the following link.
  • To the extent you have any questions regarding whether you should submit a Proof of Claim or your specific claim, you should consult your own attorney.
  • PROOFS OF CLAIM MUST BE SUBMITTED BY MAIL, BY HAND, OR THROUGH THE STRETTO WEBSITE.  PROOFS OF CLAIM SUBMITTED BY E-MAIL WILL NOT BE ACCEPTED.
  • The specific directions for filing a Proof of Claim can be found in the Court’s Order (available here).
  • If you need a copy of the Proof of Claim form, you may contact the Debtors’ Noticing and Claims Agent, Stretto, Inc., at the following email address: Celsiusinquiries@stretto.com or by phone at 1 (855) 473-8665.

If you are a creditor or an account holder and you have questions about the Chapter 11 Cases, you may submit an inquiry to the UCC by sending an email to Kroll using the contact information in the “Info Center” box on the right. Please note that nothing contained on this website is or is intended to be legal advice to any party in this matter, and is being provided for convenience only; you should consult with your own lawyer regarding your rights in the bankruptcy cases, as applicable. 


Dates

DonwlaodClaim
November 1 2022 Omnibus Hearing 11:00 a.m. (ET) Final Order, S... Add to Calendar
November 15 2022 Hearing 2:00 p.m. (ET) Motion to Amen... Add to Calendar
December 5 2022 Omnibus Hearing 2:00 p.m. (ET) Notice of Hear... Add to Calendar
+ SHOW ALL DATES
July 13 2022
Petition Date Add to Calendar
July 18 2022 2:00 p.m. (ET)
August 16 2022 2:00 p.m. (ET)
August 19 2022 9:00 a.m. (ET)
September 1 2022 10:00 a.m. (ET)
September 14 2022 2:00 p.m. (ET)
September 28 2022 1:30 p.m. (ET)
Town Hall Add to Calendar
October 6 2022 10:00 a.m. (ET)
October 7 2022 10:00 a.m. (ET)
October 7 2022 11:30 a.m. (ET)
Town Hall Add to Calendar
October 13 2022 9:30 a.m. (ET)
October 20 2022 10:00 a.m. (ET)
October 27 2022 12:00 p.m. (ET)
Town Hall Add to Calendar
November 1 2022 11:00 a.m. (ET)
November 2 2022 4:00 p.m. (ET)
November 15 2022 2:00 p.m. (ET)
November 21 2022 4:00 p.m. (ET)
November 22 2022 10:00 a.m. (ET)
November 28 2022 4:00 p.m. (ET)
November 28 2022
December 5 2022 10:00 a.m. (ET)
December 5 2022 2:00 p.m. (ET)
December 7 2022 9:00 a.m. (ET)
December 7 2022 2:00 p.m. (ET)
Omnibus Hearing Add to Calendar
December 8 2022 9:00 a.m. (ET)
Second Day of Trial in Adversary Proceeding Add to Calendar
December 12 2022 4:00 p.m. (ET)
December 15 2022 10:00 a.m. (ET)
December 15 2022 4:00 p.m. (ET)
December 19 2022 4:00 p.m. (ET)
December 22 2022 10:00 a.m. (ET)
January 3 2023 5:00 p.m. (ET)
January 10 2023 5:00 p.m. (ET)
January 24 2023 10:00 a.m. (ET)
Omnibus Hearing Add to Calendar
February 15 2023 10:00 a.m. (ET)
Omnibus Hearing Add to Calendar

Parties

Counsel to the Official Committee of Unsecured Creditors

  • White & Case LLP
    (New York)

    1221 Avenue of the Americas
    New York, NY   10020
    https://www.whitecase.com
    Phone: 212-819-8200

    David M. Turetsky
    Samuel P. Hershey
    Keith H. Wofford
    Douglas Landy

  • White & Case LLP
    (Chicago)

    111 South Wacker Drive
    Suite 5100
    Chicago, IL   60606-4302
    https://www.whitecase.com
    Phone: 312-881-5400

    Michael C. Andolina
    Gregory F. Pesce

  • White & Case LLP
    (Los Angeles)

    555 South Flower Street
    Suite 2700
    Los Angeles, CA   90071
    https://www.whitecase.com
    Phone: 213-620-7700

    Aaron Colodny

Debtors' Counsel

  • Kirkland & Ellis LLP (New York)

    601 Lexington Avenue
    New York, NY   10022
    https://www.kirkland.com/
    Phone: 212.446.4800

    Joshua A. Sussberg

  • Kirkland & Ellis LLP (Chicago)

    300 N LaSalle St
    Chicago, IL   60654
    https://www.kirkland.com/
    Phone: 312.862.2000

    Patrick J. Nash, Jr.
    Ross M. Kwasteniet
    Christopher S. Koenig
    Dan Latona

United States Trustee and Court Information

  • United States Bankruptcy Court

    Southern District of New York
    One Bowling Green
    New York, NY   10004-1408

    212-668-2870

  • Office of the United States Trustee

    U.S. Federal Office Building
    201 Varick Street, Room 1006
    New York, NY   10014

    212-510-0500

Debtors

Case Number Debtor Name Petition Date
Case Number 22-10964 Debtor Name Celsius Network LLC Petition Date July 13, 2022
Case Number 22-10965 Debtor Name Celsius Network Inc. Petition Date July 13, 2022
Case Number 22-10966 Debtor Name Celsius Network Limited Petition Date July 13, 2022
Case Number 22-10967 Debtor Name Celsius KeyFi LLC Petition Date July 13, 2022
Case Number 22-10968 Debtor Name Celsius Mining LLC Petition Date July 13, 2022
Case Number 22-10969 Debtor Name Celsius Networks Lending LLC Petition Date July 13, 2022
Case Number 22-10970 Debtor Name Celsius Lending LLC Petition Date July 13, 2022
Case Number 22-10971 Debtor Name Celsius US Holding LLC Petition Date July 13, 2022