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Celsius bankruptcy victims get proof-of-claim deadline from US court

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The ongoing case of the Celsius bankruptcy continues as the United States Bankruptcy Court in the southern district of New York State approved a new filing deadline.According to an official document, a deadline has been set for those filing any claims against the former digital assets lender.

Any person or entity - which covers individuals, partnerships, corporations, joint ventures and trusts - who wishes to do so must submit a proof of claim by Jan.

3, 2023, 5:00 pm Eastern Time. Celsius itself made a thread on Twitter, informing its former users of the recent court deadline approval, along with step-by-step information as to how claims are filed:We created this video to help explain the claims process: decision came shortly after the independent examiner in the Celsius case made an allegation that the company had ‘insufficient’ accounting and operational controls in its management of customer funds.Celsius' activities have been under the watchful eye of regulators.

A court ruling on Nov. 1 from the judge overseeing the case ordered a probe to investigate the possibility of Celsius as a Ponzi scheme as customers claimed that the former crypto lender used the assets of new users to cover existing yields and facilitate withdrawals.Additionally, the courts objected to a reopening of the platform for withdrawals and stablecoin sales.

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