Celsius Begins Repayment to Eligible Creditors Amounting to $220 Million

YM Lee

Summary

The bankrupt Celsius has announced it has commenced its third distribution of claims totaling $220.6 million.
This distribution results in additional repayments to eligible creditors.
The total recovery rate has increased to 64.9% of the claim value.

On the 20th (local time), Cointelegraph, a cryptocurrency-focused media outlet, reported that the bankrupt cryptocurrency lending platform Celsius (CEL) has started its third distribution of claims to eligible creditors, amounting to $220.6 million.

With this distribution, Celsius’s cumulative recovery rate has increased to 64.9% of the claim value.

CEL

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE

Celsius Begins Repayment to Eligible Creditors Amounting to $220 Million

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