Celsius bankruptcy administrators said in its first payment status report that more than $2.53 billion has been distributed to about 251,000 creditors. The payments were made in liquid cryptocurrency and cash at Jan. 16 prices. Administrators said in court papers filed Monday that they cover about two-thirds of all eligible creditors of cryptocurrency lenders, or about 93 percent of eligible value. Another 121,000 eligible creditors have an average distribution of about $1,500 but have yet to successfully collect their distributions.
"Approximately 64,000 of the remaining creditors have distributions of less than $100, and approximately 41,000 have distributions of between $100 and $1,000," the filing said. "Given the small sums involved by many creditors, they may not be motivated to take the steps necessary to successfully claim distributions."
Celsius administrators have distributed more than $2.53 billion to creditors
2024-08-27 08:20:58
Celsius bankruptcy administration first installment payment status report indicated indesk3cryptocurrencydesktopCrypto News
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