Bankrupt lender Celsius has distributed $2 billion worth of crypto to creditors, including over 20,000 BTC and 300,000 ETH, the firm said.
Celsius, the crypto lender that filed for bankruptcy in 2022, said in a court document filed Friday that it has distributed most of the crypto owed to its creditors. Celsius started the process at the end of January, and is on track to distribute $3 billion worth of crypto, it previously said.
According to the document, Celsius has distributed $2 billion worth of cryptocurrency, transferring 20,255.66 BTC and 301,338.77 ETH to 171,672 creditors.The estate will send wire transfers to its overseas creditors eligible for cash distributions but are based in jurisdictions where bank checks are not in use.
The filing also said that creditors eligible for receiving shares of the new mining company created using the remaining assets of Celsius would receive emails from the transfer agent, Odyssey Transfer and Trust Company.
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