Harvard Law School Bankruptcy Roundtable

The Bankruptcy Roundtable

Promoting the dissemination of academic and practitioner views of current bankruptcy issues

Former Celsius Customers’ Motion to Withdraw Bankruptcy Court Reference Rejected by SDNY
by Editor
June 9, 2026
By Luke Barefoot & Brendan Gerdts (Cleary Gottlieb) Amid the 2022-23 “crypto winter”, Celsius Network filed for bankruptcy in 2022 and emerged in 2024. The Litigation Administrator appointed under Celsius’ reorganization plan has since pursued various claims and causes of action including preference claims against former Celsius Network customers who withdrew digital assets shortly before Celsius’ July 2022 bankruptcy filing. … Read more: Former Celsius Customers’ Motion to Withdraw Bankruptcy Court Reference Rejected by SDNY

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