๐ **Bitcoin Enthusiasts, Rejoice! Celsius Network Makes Major Moves! ๐**
Celsius Network, the bankrupt crypto lender, has just released a status report revealing a massive $2.53 billion in liquid crypto and cash distributed to over 251,000 creditors! ๐
Following the approval of their reorganization plan, Celsius began distributions on January 31, 2024. The plan includes distributing roughly $3 billion in cash, crypto, and shares of Mining NewCo, a Bitcoin mining and staking entity. So far, two-thirds of all eligible creditors have received 93% of their value. ๐
While some creditors face redemption issues, Celsius is actively resolving them, ensuring smooth distributions. This is a positive sign for the crypto community, especially BTC enthusiasts! ๐