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.
YM Lee
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