- Celsius has distributed $2 billion worth of crypto assets to its creditors.
- This amount includes over 20,000 BTC and 301,000 ETH.
- The assets were distributed to the company’s 171,672 customers.
Cryptocurrency lender Celsius has given away $2 billion worth of crypto assets to its creditors, The Block writes, citing court documents.
According to available information, the company transferred 20,255 BTC and 301,339 ETH to the affected customers. The assets were distributed among 171,672 customers. Celsius representatives claim that in this way they have paid out most of the funds due to creditors.
Some of its overseas customers will be compensated via wire transfer, the company said. At the same time, users who claim to receive shares in the new Celsius-based mining venture will receive a special notice.
This is about a company that will be engaged in cryptocurrency mining and steaking for the subsequent payment of debts. The firm will not be able to accept deposits or issue loans, as Celsius has done in the past.
In January 2024, Lender officials said the company would give away $3 billion worth of crypto assets to lenders as part of the reorganization.
Celsius had previously asked customers to return a portion of funds withdrawn 90 days before the company collapsed. The provision applies to account holders who withdrew more than $100,000 before July 13, 2022.
Recall, we wrote that Celsius transferred $125 million in Ethereum to Coinbase and FalconX exchanges.
