Celsius' Lawyers Seek $52.8M As Litigation Fees

HomeCrypto lending
Share this article
Subscribe for weekly updates
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
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.

Written by
Ayush Pande

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