Celsius Begins Third Payment Distribution, Aiming for Full Creditor Recovery

Celsius, a defunct cryptocurrency lending platform currently undergoing a court-approved reorganization process, has announced the commencement of its third funds distribution to creditors. As part of the plan approved in court, Celsius will distribute $220.6 million to eligible creditors starting August 20, 2025. This follows the successful completion of the second distribution last year, which saw nearly 93% of funds owed to creditors distributed.