Celsius Customers’ New Bar Date Is Scheduled For April 28
After the Customer Contract Decision, Celsius just stated that it is changing its scheduling after months of litigation.
Celsius
After the Customer Contract Decision, Celsius just stated that it is changing its scheduling after months of litigation.
According to recent court filings, Celcius is extending its Customer Contract Decision. According to the development, April 28 2023 has been set as the new cutoff date.
On 21 March, cryptocurrency lending platform Celsius Network [CEL] received approval from the bankruptcy judge overseeing its bankruptcy case for a settlement agreement between the company, its debtors, the official…
Custody account holders have until April 24 to opt in to the settlement agreement, which will be made in two distributions this year
Meanwhile, a new tally of legal cost filings shows that lawyers and advisors in the case have siphoned off $144 million in fees, with plenty of work left to come.
On March 21, United States Bankruptcy Judge Martin Glenn approved a settlement plan concerning the bankruptcy case of the crypto lending platform Celsius Network. The agreement grants custody account holders…
The settlement would also bar those who accept it from ulterior legal action against Celsius.
Should they opt in to the deal, Celsius customers cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action.”
Celsius custody account holders could see nearly three-quarters of the cryptocurrency in their custody accounts.
Legal fees in the case of the bankrupt crypto lender Celsius are skyrocketing.