In Re Celsius Network LLC

Celsius Network files for Chapter 11 bankruptcy in wake of a liquidity crisis, which led the company to freeze withdrawals, swaps, and transfers on its platform, trapping user funds.

This case is one of the largest crypto-related bankruptcies to date and addresses critical questions about creditor rights, specifically whether customers who deposited digital assets on the Celsius platform are secured creditors with a claim to specific assets, or unsecured creditors who are entitled only to a share of the remaining assets after secured debts are paid.

1:22-bk-10964