Celsius Returns $2.5B to Creditors Amid Bankruptcy! 🚨💰
Bankrupt crypto lender #Celsius has disbursed a whopping $2.53 billion to approximately 251,000 creditors, as per an August 26 court filing. 🚀
•Distribution Details: Starting from January 2024, Celsius began handing out over $3 billion in assets, with payments made in liquid #crypto and cash based on January 16 values.
•Current Holdings: Now, Celsius only retains $12.96 million in crypto on-chain.
This move marks a significant step in the bankruptcy proceedings, affecting thousands across the crypto community.
