CYA Crypto Yield Archive Historical yield registry

Platform dossier

Celsius Network

Crypto lending and interest account platform that paused withdrawals in June 2022, filed for Chapter 11 bankruptcy in July 2022, and later exited bankruptcy with creditor distributions and a wind-down of platform operations.

crypto_interest_account operations_ended insolvency confidence: medium

What happened?

Celsius grew as a crypto interest and lending platform, halted withdrawals during the 2022 market crisis, entered Chapter 11, and later emerged from bankruptcy with distributions to creditors and a wind-down of its consumer platform.

Customer outcome

partial_repayment

Celsius exited bankruptcy and began creditor distributions. Customer recovery depended on account/product type and claim treatment. This record is intentionally conservative until direct plan documents are parsed.

Estimated recovery
varies_by_claim_class
Repayment started
2024-01-31
Repayment completed
—
Confidence
medium

Claim / case process link

Terms risk

varies_by_product

Celsius is a core terms-risk case because account/product category affected asset treatment and customer outcome. This seed should later be upgraded with direct court order citations.

Affected product
Celsius Earn and other Celsius account categories
Confidence
medium

Celsius Earn account assets were treated differently from some other product categories in bankruptcy-related analysis and rulings.

Source: Celsius asset treatment coverage

Uncertainty

Recovery and asset treatment varied by product and claim class. This seed record should be upgraded with direct bankruptcy docket references before being treated as complete.

Timeline

2017-01-01
launched impact: medium confidence: low

Celsius begins operating

Celsius began operating as a crypto lending and interest account platform during the early growth period for centralized crypto yield services.

Launch date is approximate and should be verified against primary company history sources.

2022-06-12
withdrawals_suspended impact: critical confidence: high

Withdrawals and transfers paused

Celsius announced a pause on withdrawals, swaps, and transfers, citing extreme market conditions.

Core failure-chain event.

2022-07-13
bankruptcy_filed impact: critical confidence: high

Chapter 11 bankruptcy filed

Celsius and affiliated debtors filed for Chapter 11 bankruptcy protection in the Southern District of New York.

Bankruptcy filing anchors the main restructuring period.

2023-11-09
restructuring_started impact: high confidence: medium

Reorganization plan confirmed

The bankruptcy court confirmed Celsius's plan, setting up distributions to creditors and a transition out of bankruptcy.

Needs direct docket evidence in later pass.

2024-01-31
customer_repayment_started impact: critical confidence: high

Creditor distributions begin after bankruptcy exit

Celsius exited bankruptcy and announced that distributions to creditors would begin, including crypto and other recovery components.

Customer outcome depends on claim type.

Evidence dossier

news_article high customer_outcome

Celsius exits bankruptcy

Reuters · 2024-01-31

Supports bankruptcy exit and creditor distributions.