Information about the payout: Celsius Network announced it will carry out a second distribution worth 127 million USD to creditors. This helps them recover a portion of claims, although the path to full repayment remains challenging.
Payment methods: Eligible creditors will receive about 60.4% of their total claims. Payments will be made in either legitimate cryptocurrency or cash depending on each individual’s access.
Previous payments history: Earlier this year, Celsius executed the first payment with over 2 billion USD sent to more than 171,000 creditors, but it was still insufficient to recover from the damages of the company’s collapse.
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