Celsius Network

Celsius files an appeal for the $2B rejection claim against FTX

Celsius Network has appealed Judge John Dorsey’s decision that rejected its $2 billion claim against the failed crypto exchange FTX. This legal fight is part of the ongoing chaos in the cryptocurrency industry, especially after the bankruptcy of both companies. Celsius claims that false statements from FTX leaders and partners hurt its reputation and finances, leading to its bankruptcy in July 2022. The company says that these public statements hurt

Celsius Network emerges from bankruptcy, marking a victory for the company

Celsius Network, a crypto lending platform, has emerged from bankruptcy, marking a victory for the company and its investors. The completion of the confirmed plan of reorganization, approved by 98% of the company’s account holders and confirmed by the Bankruptcy Court for the Southern District of New York on November 9, 2023, marks the end of an eighteen-month restructuring process. The comprehensive plan entailed reaching an agreement among various stakeholders,