In order to award relief related to the move to extend the time for presenting proofs of claim, Celsius has asked for an accelerated hearing.
On December 30, 2022, Celsius submitted a motion to extend the Bar Date, which is the cutoff date for all consumers to submit claims.
On January 10 at 11:00 a.m. ET, the hearing will be broadcast remotely via Zoom for Government.
By 4:00 p.m. ET on January 9, parties who intend to participate in the hearing must submit an electronic appearance through the court's website.
In the Chapter 11 bankruptcy proceedings of Celsius Network LLC and its associated debtors, Celsius filed the motion.
Numerous users voiced worry in the Twitter thread announcement on the $53 million spent on "administrative fees" throughout the bankruptcy process.
Users were worried about money being spent and "lawyers delaying for profit."
Users might anticipate a longer wait before being offered the chance to access monies stored in Celsius as a result of the extension request.