​Celsius Distributes $2.5 Billion To 251,000 Creditors Amid Bankruptcy Proceedings – Tyler Durden

Celsius Distributes $2.5 Billion To 251,000 Creditors Amid Bankruptcy Proceedings By Zoltan Vardai of CoinTelegraph Celsius has repaid two-thirds of its eligible customers as part of its long-awaited bankruptcy proceedings. According to an Aug. 26 court filing, the bankrupt crypto lender has repaid approximately $2.53 billion to 251,000 creditors. The amount represents approximately 84% of the $3 billion worth of assets owed by the defunct crypto lender to over 375,000 creditors. The bankruptcy payments are a positive development for the expanding crypto industry. They coincide with the bankruptcy proceedings of the Mt. Gox exchange, which owed over $9.4 billion in…  — Continue at ZeroHedge News : Read More