Celsius Distributes $2.53 Billion to Creditors Amid Complex Bankruptcy Proceeding

Celsius Network, the crypto lender that filed for bankruptcy on 13 July 2022, has distributed over $2.53 billion to approximately 251,000 creditors, according to a recent status report from its bankruptcy administrator. These disbursements, made in liquid cryptocurrency and cash based on prices as of 16 January, cover roughly two-thirds of eligible creditors by number […]