📢 Celsius, the bankrupt crypto lending platform, announced its plan to shut down its app within 90 days! 🚀

- This step is part of the company's efforts to simplify operations, optimize delivery mechanisms and strengthen user experience.

- Celsius announced its plan to provide cryptocurrency compensation to creditors: It will distribute Bitcoin and Ethereum! 💰

- The estimated distribution amount will be approximately $20.3 billion, affected by fluctuations in the value of BTC and ETH.

- The decision to close the application was made due to the cost of keeping the platform open for a long time, especially to process withdrawals.

- Celsius chose to work with third-party distribution agents to manage the process and identified PayPal as a potential agent for some distributions to U.S. individual creditors. For other distributions, Celsius is looking for other agencies. 🌐

We will continue to follow this important development!