🚀 Celsius has repaid two-thirds of its eligible customers as part of its long-awaited bankruptcy proceedings. According to a Monday court filing, the bankrupt crypto lender has repaid approximately $2.53 billion to 251,000 creditors.

- That's 84% of the $3 billion owed to over 375,000 creditors.

- The bankruptcy payments are a positive development for the expanding crypto industry.

Not all creditors are rushing to claim their crypto, especially those owed less than $100. The bankruptcy administrator will retry distributing to these creditors via Coinbase every two weeks.

Celsius filed for bankruptcy in July 2022, a month after pausing user withdrawals. Former CEO Alex Mashinsky faces charges but is out on a $40 million bond.