Court Approves January 3 As Deadline For Celsius Customers to File Claims

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Alex Mashinsky; Photo Source: Vanguard News

The bankruptcy court overseeing the Celsius case approved January 3 as the deadline for Celsius customers to file claims against it. 

Announcing this in a Twitter post, the crypto lending firm noted that the court had approved its motion to set January 3 as the bar date for customers to file their claims.

Celsius said customers would receive a notice regarding the bar date and the next steps in its proof of claim process from Stretto, the company’s claims agents. This notice will be sent via emails and physical mail for those with an address on their file and through a notification in the Celsius app. 



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The company reminded its customers that those who agreed with Celsius’ scheduling of their claims as filed in the Schedules of Assets and Liabilities do not need to submit a proof of claim. Also, no further action is expected from them at the moment concerning such claims. 

According to the customer claim filing process

“Customers will not need to submit a Proof of Claim in these chapter 11 cases if their claim is listed on the Schedules filed by the Celsius, provided that (i) the claim is not scheduled as “disputed,” “contingent,” or “unliquidated”; (ii) the claimant does not disagree with the amount, nature, and priority of the claim as set forth in the Schedules; and (iii) the claimant does not dispute that the claim is an obligation only of the specific Debtor against which the claim is listed in the Schedules.”

The company also pointed out that any claims based on cryptocurrencies must state the type of crypto held and the number of units of the cryptocurrency held. Customers who wish to have their proof of claim form date-stamped should attach a copy of the form and a self-addressed stamped envelope. 

This announcement by Celsius was not well received by its customers, who questioned why they had to file claims for money that belonged to them and not to the lending firm.

Written by
Chiagoziem Bede Ikwueze

The bankruptcy court overseeing the Celsius case approved January 3 as the deadline for Celsius customers to file claims against it. 

Announcing this in a Twitter post, the crypto lending firm noted that the court had approved its motion to set January 3 as the bar date for customers to file their claims.

Celsius said customers would receive a notice regarding the bar date and the next steps in its proof of claim process from Stretto, the company’s claims agents. This notice will be sent via emails and physical mail for those with an address on their file and through a notification in the Celsius app. 



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


The company reminded its customers that those who agreed with Celsius’ scheduling of their claims as filed in the Schedules of Assets and Liabilities do not need to submit a proof of claim. Also, no further action is expected from them at the moment concerning such claims. 

According to the customer claim filing process

“Customers will not need to submit a Proof of Claim in these chapter 11 cases if their claim is listed on the Schedules filed by the Celsius, provided that (i) the claim is not scheduled as “disputed,” “contingent,” or “unliquidated”; (ii) the claimant does not disagree with the amount, nature, and priority of the claim as set forth in the Schedules; and (iii) the claimant does not dispute that the claim is an obligation only of the specific Debtor against which the claim is listed in the Schedules.”

The company also pointed out that any claims based on cryptocurrencies must state the type of crypto held and the number of units of the cryptocurrency held. Customers who wish to have their proof of claim form date-stamped should attach a copy of the form and a self-addressed stamped envelope. 

This announcement by Celsius was not well received by its customers, who questioned why they had to file claims for money that belonged to them and not to the lending firm.

Written by
Chiagoziem Bede Ikwueze