Celsius, the cryptocurrency lending company that went bankrupt, announced that it will distribute an additional $127 million to creditors from its "Legal Recovery Account".

- The distribution will be for claims in classes 2, 5, 7, 8, and 9, including retail borrower deposit claims, general unsecured claims, retention claims, unsecured loan claims, and general unsecured claims.

- Eligible creditors can receive payments in Bitcoin or cash via PayPal, Venmo, or Coinbase. Those without verified accounts will receive cash.

- This distribution will total approximately 60.4% of the claim value for creditors.

🚀 Despite progress, some users remain dissatisfied with the amount received.