Court Sets January 3 Deadline for Customers of Celsius to Submit Bankruptcy Claims

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Last Updated on November 21, 2022 by Bitfinsider

Customers of Celsius have until January 3, 2023 to register a claim in the company’s bankruptcy proceeding.

The bankruptcy court overseeing Celsius’s case established January 3 as the deadline for creditors to file proofs of claim against the insolvent cryptocurrency lender. After this date, creditors who have not filed a claim may no longer be eligible for case payouts.

After a crypto market decline in the spring put the company in financial jeopardy, Celsius filed for bankruptcy in July. Celsius managed over $10 billion in assets at its peak and claimed to have over 1.7 million subscribers.

“Customers should expect to receive a message regarding the bar date and next steps in the proofs of claim process from our claims agent, Stretto, through email, physical mail for customers with an address on file, and a notification in the Celsius app,” Celsius stated on Twitter on Sunday.

Customers who agree with Celsius’s scheduling of their claims need take no action. The next Celsius hearing is scheduled for December 5, at which time the company intends to negotiate custody and withhold accounts.

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