Celsius' Lawyers Seek $52.8M As Litigation Fees

Celsius' legal consultancy firms have filed motions with the Court to receive $52.8M from the bankrupt crypto lender. 
Dot
January 23, 2023
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

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Alex Mashinsky; Photo Source: Benjamin Girette/Bloomberg News

16 of Celsius’ legal consultancy firms have filed motions with the Bankruptcy Court in New York to receive $52.8M from the bankrupt crypto lender. 

The court filings, dated December 15, claimed that the firms rendered their services in Celsius’ bankruptcy proceedings from July through October. 

Kirkland & Ellis LLP, the law firm that aided Voyager Digital's restructuring process, requested Celsius to pay $20.1M, with K&E adding that its attorneys have expended 19,105 hours into Celsius’ bankruptcy case.

Similarly, White & Case LLP, the firm hired by Celsius’ Committee of Unsecured Creditors, has sought $10.2M from the bankrupt crypto lender.



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Jenner & Block’s Shoba Pillay has also filed a motion with the Court seeking compensation for her investigations into Celsius’ operations. In her court filing, the external examiner requested $1.86M for her services. 

Meanwhile, the Court ordered Celsius to return $50M to certain customers. The bankrupt lender currently aims to claw back $7.7M from Voyager.

Celsius' Lawyers Seek $52.8M As Litigation Fees

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Alex Mashinsky; Photo Source: Benjamin Girette/Bloomberg News

16 of Celsius’ legal consultancy firms have filed motions with the Bankruptcy Court in New York to receive $52.8M from the bankrupt crypto lender. 

The court filings, dated December 15, claimed that the firms rendered their services in Celsius’ bankruptcy proceedings from July through October. 

Kirkland & Ellis LLP, the law firm that aided Voyager Digital's restructuring process, requested Celsius to pay $20.1M, with K&E adding that its attorneys have expended 19,105 hours into Celsius’ bankruptcy case.

Similarly, White & Case LLP, the firm hired by Celsius’ Committee of Unsecured Creditors, has sought $10.2M from the bankrupt crypto lender.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Jenner & Block’s Shoba Pillay has also filed a motion with the Court seeking compensation for her investigations into Celsius’ operations. In her court filing, the external examiner requested $1.86M for her services. 

Meanwhile, the Court ordered Celsius to return $50M to certain customers. The bankrupt lender currently aims to claw back $7.7M from Voyager.

Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

16 of Celsius’ legal consultancy firms have filed motions with the Bankruptcy Court in New York to receive $52.8M from the bankrupt crypto lender. 

The court filings, dated December 15, claimed that the firms rendered their services in Celsius’ bankruptcy proceedings from July through October. 

Kirkland & Ellis LLP, the law firm that aided Voyager Digital's restructuring process, requested Celsius to pay $20.1M, with K&E adding that its attorneys have expended 19,105 hours into Celsius’ bankruptcy case.

Similarly, White & Case LLP, the firm hired by Celsius’ Committee of Unsecured Creditors, has sought $10.2M from the bankrupt crypto lender.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Jenner & Block’s Shoba Pillay has also filed a motion with the Court seeking compensation for her investigations into Celsius’ operations. In her court filing, the external examiner requested $1.86M for her services. 

Meanwhile, the Court ordered Celsius to return $50M to certain customers. The bankrupt lender currently aims to claw back $7.7M from Voyager.

Written by
Ayush Pande