A Breakdown of Celsius’ Chapter 11 Filing

Quick Take Filed for Chapter 11 bankruptcy protection on July 13, 2022, in the Southern District of New York Engaged with investment bank Centerview Partners (CVP), law firm Kirkland & Ellis (K&E), restructuring consultants Alvarez & Marsal (A&M) and Stretto mid-June 2022 July 7, 2022, KeyFi complaint in New York State Supreme Court against CNL and Celsius KeyFi LLC for breach of contract, negligent misrepresentation and fraud claims Celsius currently employs 670 employees with 1.7mm users across  +100 countries and 300K daily active users with +$100 in balances on platform