Celsius Network Dissolution and Distribution

Modified on Tue, 09 Apr 2024 at 02:16 PM

Celsius was a global cryptocurrency platform and Bitcoin mining company that emerged from Chapter 11 bankruptcy on January 31, 2024. 


On February 29, 2024, the Celsius mobile and web apps were shut down, as a part of the winding down of its business operations, as detailed in the Plan of Reorganization. This has no impact on ongoing claim distributions to creditors.

Beginning on February 1, 2024, claim distributions to Eligible Creditors are being made in cryptocurrency and US dollars. Some creditors are eligible to receive equity shares in Ionic Digital LLC, which is the reorganized mining business, formed following the emergence from bankruptcy in accordance with the Plan. For more information, please refer to the case details at Stretto. 

For answers to frequently asked questions regarding Celsius and claim distributions, we strongly suggest you review the articles and resources contained in this Knowledge base before contacting support, as we continue to update questions and answers on a regular basis. In the event you still require assistance, please initiate a support inquiry.

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