Bankrupt Crypto Lender Celsius Distributes $2,530,000,000 to Creditors

Defunct crypto lending platform Celsius Network is paying back billions to creditors. Last year, a US judge approved a bankruptcy plan for Celsius after it filed for bankruptcy in July 2022 when its token plummeted by 99% and it could not fulfill withdrawals. The company, dubbed “NewCo,” was granted a $1.25 billion balance sheet, $450 million […] source: https://dailyhodl.com/2024/08/27/bankrupt-crypto-lender-celsius-distributes-2530000000-to-creditors/