Celsius Network LLC
Froze withdrawals in June 2022 and filed for Chapter 11 a month later with a shortfall of about USD 1.2 billion.
Creditor process: Chapter 11 plan effective 2024. A fourth distribution of USD 344.4 million was in progress as of July 2026, with quarterly reattempts for unredeemed payments; recoveries remain materially below 100%.
Compliance snapshot
- Ceased operations July 2022 — Chapter 11
- Yield programme operated without securities registration
- USD 4.7 billion FTC settlement in July 2023
- Fourth distribution of USD 344.4 million ongoing
Defunct since 2022. The yield programme was operated without registration, the founder pleaded guilty to fraud, and creditor recoveries remain partial.
Licenses & registrations
No licence or registration on file. The provider ceased operations before any authorization under the current regime.
Reputation
Verified reputation data is unavailable
The ratings on file are illustrative and have no source URL or collection date. A verified source and review date are needed before scores can be displayed here.
- Customer reviews
- Source needed. A direct review-platform source and collection date are needed.
- App Store & Google Play
- Source needed. Verified store listings and collection dates are needed.
- Press sentiment
- Source needed. A dated source set and calculation method are needed.
Recent press
- 2026-07-15Celsius fourth distribution reaches USD 344 millionNeutral
The Block — Quarterly reattempts continue for unredeemed creditor payments.
Incidents & enforcement
- 2024-12-03Enforcement
Founder Alex Mashinsky pleaded guilty to fraud charges; sentenced in 2025.
- 2023-07-13FineUSD 4.7 billion
Settlement with the US Federal Trade Commission over deceptive claims to depositors.
- 2022-07-13Enforcement≈ USD 1.2 billion
Chapter 11 filing disclosing a balance sheet shortfall.
- 2022-06-12Enforcement
All customer withdrawals, swaps and transfers frozen.
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Profile last reviewed 2 Sept 2026 (2026-09-02)