**Celsius Network Token Surges 300% Amid Repayment Scheme**

Celsius Network's native token has seen a remarkable 300% surge in value following the company's $2.5 billion repayment initiative for over 250,000 creditors. On August 26, a court filing revealed that the bankrupt digital asset lender had repaid approximately $2.53 billion. At that time, the Celsius (CEL) token was trading at $0.16. By September 23, the token's price had climbed to $0.65, though it currently hovers around $0.58.

Despite this recovery, CEL is still down 1,287% from its all-time high of $8.05 in June 2021. The repayment scheme covered about 84% of the $3 billion owed, with many creditors yet to claim their assets, likely due to the small amounts involved. The bankruptcy saga, which began in July 2022, included fines and legal actions against former CEO Alex Mashinsky for financial fraud.