Overview

Celsius was a global cryptocurrency platform and Bitcoin mining company that formally emerged from Chapter 11 bankruptcy on January 31, 2024, marking the beginning of its winding-down process under the approved Plan of Reorganization. As part of this process, the Celsius mobile and web applications were permanently shut down on February 29, 2024, although this closure does not affect the ongoing distribution of assets to creditors. Starting February 1, 2024, eligible creditors began receiving their claim distributions in a combination of cryptocurrency and US dollars, depending on their specific entitlements. Additionally, certain creditors are eligible to receive equity shares in Ionic Digital LLC, the newly reorganized mining business created following Celsius emergence from bankruptcy in accordance with the Plan. All updates and further details are available via Stretto, with dedicated resources such as the Distribution FAQ provided to assist creditors throughout the distribution process.

Whitepaper & Documents