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Celsius Network reaches settlements to exit bankruptcy

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Published Jul 22, 2023 11:59AM ET Updated Jul 23, 2023 01:40PM ET

Celsius Network reaches settlements to exit bankruptcy

Bankrupted crypto lender Celsius Network has reached two settlements that allow it to return assets to customers and end its bankruptcy proceedings, according to court filings on July 20.

The settlements will be analyzed by Judge Martin Glenn at a hearing on August 10 and address $78.2 billion in unsecured claims. Any responses and objections should be submitted to the court by August 3.

Screenshot of the notice of hearing on the joint motion for approving settlements. Source: Stretto

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Celsius Network reaches settlements to exit bankruptcy

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