Celsius' bankruptcy administrator has distributed over $2.5bn to approximately 251,000 creditors as part of the company’s bankruptcy proceedings. The distributions, made in liquid cryptocurrency and cash at January 16 prices, cover about two-thirds of eligible creditors by number and 93% by value.

However, 121,000 eligible creditors have yet to claim their distributions, with many owed small amounts, potentially reducing their incentive to act. The bankruptcy process, described as one of the most complex and ambitious ever attempted in a Chapter 11 case, aims to distribute over $3bn to around 375,000 creditors across 165 countries.