**News Flash: Celsius Repays Two-Thirds of Eligible Customers Amid Bankruptcy**

Celsius, the bankrupt crypto lender, has repaid $2.53 billion to 251,000 creditors, covering around 84% of the $3 billion owed. This marks a significant step in its bankruptcy proceedings, which began in July 2022 after halting user withdrawals.

Interestingly, not all creditors are rushing to claim their funds. Out of 121,000 remaining creditors, many are owed small amounts, with 64,000 having less than $100 in crypto. The bankruptcy administrator is making ongoing efforts to distribute these funds via Coinbase and PayPal.

Celsius's bankruptcy has also involved hefty fines and legal battles, including charges against former CEO Alex Mashinsky for financial fraud. Mashinsky, who has pleaded not guilty, is out on a $40 million bond awaiting trial.