- #Celsius announces the closure of its app within 90 days and plans to distribute #crypto assets like Bitcoin and Ethereum to eligible creditors.
- The distribution amount is estimated at approximately $20.3 billion, accounting for potential value changes in #bitcoin and Ethereum.
- Celsius will #partner with a third-party distribution agent to manage the process efficiently.
- #PayPal is being considered as a potential agent for distributing to individual creditors in the US, and Celsius is exploring other options.
- If no suitable agent is found, Celsius will extend its platform for 90 days after the effective date to aid distribution to specific creditors.
