Community Update — September 14th Hearing

Following our productive hearing today, we wanted to share some important updates about what customers can expect in the coming weeks.

Since our last hearing, Celsius has been constructively engaging with the Unsecured Creditors Committee and U.S. Trustee to make meaningful progress on our efforts to maximize value for all customers and ensure continued transparency in our case.

Looking ahead, we expect to soon begin the Claims process. At this time, the proof of claim form is not yet available and the “Claims Bar Date,” which is the deadline to file a claim, has not yet been set. In the next few days, we will be emailing you detailed instructions on how to participate. Our objective is to make the entire process simple and straightforward for all customers. For more details on this upcoming phase of the restructuring process, please watch this video.

Our next Court appearances are scheduled for October 6 and October 7, 2022. The first of these hearings will focus on several matters, including approval for certain key elements of the Claims process. At the October 7th hearing, we hope to advance discussions regarding the reopening of withdrawals for certain of our Custody and Withhold account holders with the other stakeholders.

Celsius

Earn, borrow, and pay on the blockchain.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store