celsius.network
Celsius Network: Post-Bankruptcy Cryptocurrency Platform and Mining Operations
About celsius.network
Celsius Network was a global cryptocurrency platform and Bitcoin mining company that completed Chapter 11 bankruptcy reorganization on January 31, 2024. The platform's mobile and web apps were shut down on February 29, 2024, as part of the winding down process. Creditor distributions in cryptocurrency and US dollars began on February 1, 2024, with some eligible creditors receiving equity in Ionic Digital LLC, the reorganized mining business. For detailed information on claim distributions and case updates, visit Stretto.
FAQ
Celsius emerged from Chapter 11 bankruptcy on January 31, 2024. On February 29, 2024, the Celsius mobile and web apps were shut down as part of the winding down of its business operations.
Beginning on February 1, 2024, claim distributions to Eligible Creditors are being made in cryptocurrency and US dollars.
Yes, some creditors are eligible to receive equity shares in Ionic Digital LLC, the reorganized mining business formed following the emergence from bankruptcy.
For more information, please refer to the case details at Stretto.
If you are a creditor with questions related to your claim distributions, please refer to our Distribution FAQ.
For any legal, regulatory, or compliance matters, please direct correspondence to: The Corporation Trust Company, Registered Office of Celsius Network, LLC, 1209 Orange Street, Wilmington, DE 19801.
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