Celsius Bankruptcy Claw Back Adversary Proceedings in SDNY Bankruptcy Court

Celsius Bankruptcy Claw Back Adversary Proceedings in SDNY Bankruptcy Court 

Celsius Network LLC, the crypto company, filed for Chapter 11 bankruptcy. Pursuant to their confirmed Chapter 11 plan, they have commenced 2,000 adversary proceedings in the Southern District of New York, seeking to claw back monies withdrawn by Celsius customers 90 days prior to the bankruptcy filing or from April 14, 2022, through July 13, 2022 (the “Preference Period”).

The 2,000 lawsuits are being brought by ASK LP (Debtor’s preference litigation counsel)

Jim Shenwick, Esq. has defended over 100 adversary proceedings for various causes of action, including preferences and fraudulent conveyances. He is familiar with cryptocurrency and has a working relationship with ASK LP.

Jim Shenwick was recently retained by a client to defend against a Celsius lawsuit seeking to 

claw back over $200,000 withdrawn from Celsius prior to the bankruptcy filing. We have commenced settlement negotiations and are optimistic about a very favorable settlement for the client.

We have also been approached by another former Celsius customer who was sued in a clawback action.

Clients who have been sued or have questions about the clawback lawsuits are advised to contact Jim Shenwick as soon as possible to discuss their options or to seek representation in these cases.

Jim Shenwick can be reached at 917 -363-3391 or at jshenwick@gmail.com 

Please click the link to schedule a telephone call with me. 

https://calendly.com/james-shenwick/15min