A U.S. court has approved collapsed crypto lender Celsius Network's request to set a deadline for customers to file proofs of claim in the ongoing bankruptcy proceedings.
Celsius' motion, approved by U.S. Bankruptcy Court of the Southern District of New York last week, requires customers to submit proofs of claim on or before Jan. 3, 2023. Any person or entity – including individuals, partnerships, corporations, joint ventures and trusts – are free to file a claim via mail, by hand or through the claims agent Stretto's website.
Earlier this month, Celsius requested the New York-based court to extend its deadline for submitting the platform's reorganization plan.
Customers of the bankrupt lender do not need to submit a proof of claim if it falls into a number of categories listed in the legal document, including if any claims had already been paid by what remains of the company and if a similar form had already been filed with the clerk of the bankruptcy court in New York.
Celsius shared further instructions on how to file a claim on its official Twitter account on Sunday, and said its next hearing is scheduled for Dec. 5.
CoinDesk has reached out to Celsius for comment.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.