Celsius Network Community Update – Second Day Hearing Presentation Details
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Per the official Celsius Network Second Day Hearing event and presentation yesterday, August 16, 2022…
Here are the Celsius Community Update and released Agenda items and Topics of Discussions as presided over by the Honorable Judge Martin Glenn on August 16, 2022, of the United States Bankruptcy Court for Southern District of New York.
Yesterday, alongside the Unsecured Creditors Committee (UCC), which is made up primarily of our customers, the U.S. Trustee, and a number of other important parties, we participated in the Second Day Hearing in our case, where we continued the dialogue around Celsius’ efforts to maximize value for our community.
A lot of ground was covered, including:
Our productive, transparent, and ongoing engagement with the UCC
Work by all parties to advance thinking on key legal issues in this complex proceeding
Our intention to see our customers capture any and all value associated with the recent rise of crypto
We are encouraged that the community has a voice in this process. We aimed to address some of the key community concerns that are being shared as part of our case.
Progress Since Filing
Cryptocurrency Market Update
*The Full Presentation from yesterday’s Celsius Network Second Day Hearing can also be viewed HERE.