Shoba Pillay

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. 

External Examiner Reports Shortfalls In Celsius’ Custody Program

Shoba Pillay, the external examiner in the Celsius bankruptcy case, reported that the lender's Custody program lacked proper “accounting and operational controls or technical infrastructure.”

Celsius Under Investigation Over Allegations Of Operating Like A Ponzi Scheme

Federal judge Martin Glenn expanded the scope of the investigation into Celsius’ bankruptcy proceedings. Next, Pillay will consult with the Celsius Creditors Committee to decide who will lead the probe into Celsius.

Celsius To Pay Over $3M As Legal Counsel Fees

Monthly fee statements from law firms revealed that Celsius owes them over $3M as litigation counsel expenses.

Court Appoints Shoba Pillay To Examine Celsius’ Chapter 11 Bankruptcy Case

The U.S. Bankruptcy Court in the Southern District of New York has approved the appointment of a third-party examiner to look into Celsius’ finances.