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Celsius vs ust discovery schedule changes announced

Celsius vs. UST Case | Key Discovery Schedule Adjustments Announced

By

Carlos Gomez

Apr 27, 2025, 03:37 AM

Edited By

Mika Tanaka

Updated

Apr 27, 2025, 02:42 PM

Less than a minute read

Illustration showing important dates for the Celsius vs UST case discovery schedule with calendar icons and deadlines highlighted.

A recent agreement between legal teams in the Celsius vs. UST case has established critical deadlines for the discovery phase. These changes could significantly affect recovery strategies for affected parties, particularly as they navigate the fallout from the collapse.

Latest Developments in Discovery Schedule

Effective immediately, the parties have adjusted the discovery timeline. Noteworthy deadlines include:

  • Document Requests Deadline: July 30, 2025

  • Depositions Start: October 13, 2025

  • Fact Discovery Completion: November 21, 2025

  • Expert Discovery Completion: February 19, 2026

In an interesting twist, sources confirm that Quinn & Emanuel's 86% win rate in business litigation suggests the firm is optimistic about their chances. "They wouldn't take the case if they didn't think they would win," one commentator noted.

"Better for them to take their time (be safe than sorry)," shared another commentator on a popular user board, reflecting the cautious sentiment prevalent in this high-stakes matter.

Context and Background

The Celsius case has garnered considerable attention due to its financial implications surrounding Bitcoin (BTC) backed loans. People have voiced concerns about recovering losses amidst significant devaluation during bankruptcy proceedings. Many view this lawsuit as a vital opportunity for recouping their investments, particularly through BTC in-kind redemptions.

Comment Highlights

  • "Our '70%' returned was really closer to like 15%. Getting more back would be huge."

  • "This sets a dangerous precedent."

  • "Long odds but worth a shot."

  • "So for those of us who had BTC (or Eth) loans, we could get more money back?"

The sentiment among the community is mixed but leans optimistic. Many are hopeful for a favorable outcome as the case unfolds.

Key Insights

  • ⚖️ Document requests and admissions due by September 18, 2025.

  • 📅 Completion of fact discovery set for November 21, 2025; expert discovery to conclude by February 19, 2026.

  • 🗨️ "This sets a dangerous precedent" – among concerns voiced by commenters.

  • 🔍 Optimism is noted, particularly for those with BTC or ETH loans looking for recovery.

As the situation develops, stakeholders will be eager for updates, underscoring the elevated stakes of cryptocurrency litigation.