PANews reported on August 27 that according to CoinDesk, the Celsius bankruptcy administrator stated in its first repayment status report that more than $2.53 billion had been distributed to approximately 251,000 creditors. The payment was made in liquid cryptocurrencies and cash based on the price on January 16. The bankruptcy administrator stated in a court filing on Monday that the payments covered approximately two-thirds of the cryptocurrency lending company's eligible creditors (by number) and approximately 93% of the eligible value. Another 121,000 eligible creditors, with an average distribution of approximately $1,500, have not yet successfully received the distribution.

“Approximately 64,000 of these remaining creditors received a distribution of less than $100 and approximately 41,000 received a distribution between $100 and $1,000,” the filing said. “Given the small size of the distributions received by many of these creditors, they may not have sufficient incentive to take the steps necessary to successfully collect their distributions.”

The plan involves distributing liquid cryptocurrency, cash and common stock in MiningCo (the new company from which Celsius evolved) to approximately 375,000 creditors from 165 different countries. The document states that the complexity of the distribution process is increased because "Celsius was not a fully compliant business prior to bankruptcy and many regulators are pursuing enforcement actions against the debtor."