Beleaguered crypto lender Celsius Network on Wednesday said it has filed a motion with the bankruptcy court to extend the Bar Date, which is the deadline for all customers to file a claim, to next month. Celsius says the reason is to give users another month to submit their claims, but creditors believe the firm is wasting time and legal fees. The crypto contagion is still in effect.
Celsius Network Stretching Crypto Contagion to 2023
Celsius Network in a tweet on January 4 revealed that a motion has been filed in the U.S. Bankruptcy Court for the Southern District of New York to extend the Bar Date, which is the deadline for all customers to file a claim.
The motion will be heard on January 10, 2023. If the motion is approved by the bankruptcy judge, the Bar Date to file claims will be extended to February 9, 2023. Meanwhile, Celsius has created a video for creditors to help with the claims process.
Celsius has committed only $44 million to be returned to customers. Also, Celsius’ c
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