On July 13, 2022, Celsius Network LLC and certain of its affiliates (collectively, the “Celsius Debtors”) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.  On December 7, 2022, GK8 Ltd., GK8 UK Limited, and GK8 USA LLC (collectively, the “GK8 Debtors,” and together with the Celsius Debtors, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.  The cases of the Debtors are pending before the Honorable Martin Glenn in the U.S. Bankruptcy Court for the Southern District of New York and are being jointly administered under Case No. 22-10964.

On November 9, 2023, the Bankruptcy Court entered the Findings of Fact, Conclusions of Law, and Order Confirming the Modified Joint Chapter 11 Plan of Celsius Network LLC and Its Debtor Affiliates (the “Confirmation Order”), pursuant to which the Bankruptcy Court approved and confirmed the Modified Chapter 11 Plan of Reorganization of Celsius Network LLC and Its Debtor Affiliates (the “Plan”).

Notice of Occurrence of Effective Date of Debtors' Modified Chapter 11 Plan of Reorganization and Commencement of Distributions

The Debtors and the Distribution Agents have commenced the process of making Liquid Cryptocurrency and Cash distributions. Each eligible creditor will receive an email from Stretto or the Plan Administrator at the last email address on file with the Debtors with information about the steps required to receive their Liquid Cryptocurrency distributions from the applicable Distribution Agent. Please note that because of the volume of distributions, it will take up to two (2) weeks to send instructions to eligible creditors on the next steps for receiving their distributions on account of their Claims. The Debtors will file an additional notice on the docket once those emails are sent to all creditors eligible for such a distribution. Accordingly, please do not immediately contact the Debtors or their advisors regarding such instructions until after that notice is filed, as this will delay responses to all creditor inquiries. Instead, please review the instructions set forth in Effective Date Notice above, on the Debtors’ Celsius X account @CelsiusNetwork, and on Stretto's Celsius Distributions Knowledge Base (the “Knowledge Base”) for further information and continuing updates. The Knowledge Base will continually be updated with the latest information.

Notice of Commencement of Second Plan Distribution

Plan Administrator's Update on Cash Distributions, including Notice of Amendment to Paypal Distribution Services Agreement to Make Cash Distributions Through Hyperwallet Service

Effective Date Press Release

MiningCo Common Stock FAQ

Notice to Account Holders Regarding Frequently Asked Questions About Celsius Distribution

Notice Regarding Commencement of Distribution of Cryptocurrency to Holders of Custody Claims

Notice to Account Holders Regarding Forthcoming communications About Setttlement of Withdrawal Preference Exposure Pursuant to the Account Holder Avoidance Action Settlement

Notice to Holders of Retail Borrowers Deposit Claims Regarding Forthcoming Notice and Election Form for Repayment or Refinancing of Retail Borrower Deposit Claims