After Celsius completed its bankruptcy reorganization process and distributed assets to creditors, the court documents revealed some details:
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Over 170,000 creditors compensated through electronic support and exchanges
Compensation for USD assets will be made via wire transfer
Some eligible users have not yet been compensated
According to the documents, over 170,000 creditors have made claims for cryptocurrencies through PayPal/Venmo and Coinbase, including over 20,000 bitcoins and 300,000 ETH. This includes regions within the United States as well as countries where Coinbase provides services. Those in regions without Coinbase services will be directed to a distributing broker. (For inquiries, visit: https://cases.stretto.com/Celsius/contact-us/)
Next, Celsius will address the USD compensation needs of overseas creditors through wire transfers. In addition, Celsius has notified eligible creditors, who are entitled to shares in the new mining company, via email.
Celsius reminds former users that a partial refund of funds withdrawn within 90 days prior to the bankruptcy application is a prerequisite for processing their claims. Therefore, there are still some users who have not received their claims due to specific reasons.
Celsius
Further Reading
Celsius completes bankruptcy reorganization, distributes $3 billion to creditors, establishes mining company
Cryptocurrency lending company Celsius: Creditors who withdrew over $100,000 within 90 days before bankruptcy must refund a portion of their funds.