Community Update — November 15th Hearing

Dear Customer –

This week, the court approved our motion to set the bar date, which is the deadline for all customers to file a proof of claim. The bar date has been set for January 3, 2023.

Customers should expect to receive a notice regarding the bar date from our claims agent, Stretto, via email, physical mail for those customers with an address on file, as well as through a notification in the Celsius app. The notice will also include instructions on how to file a proof of claim. As a reminder, customers who agree with Celsius’ scheduling of their claims as filed in the Schedules of Assets and Liabilities do not need to submit a proof of claim and no further action is required of them at this time with respect to such claim. Additional information about our proofs of claim process can be found on the Stretto website. You may also recall that we created this video to help explain the claims process.

Additionally, we continue to closely monitor the environment across our industry. We want to take this opportunity to assure you that data and asset security remain a top priority for all at Celsius.

Our next hearing is scheduled for December 5th, where we plan to advance discussions around Custody and Withhold accounts, among other matters.

Thank you.

Celsius

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