Celsius’s Third Distribution: $220.6 Million Brings Relief to Creditors

The crypto community has been anxiously watching the recovery efforts of bankrupt lender Celsius, and now there’s a significant development that offers a ray of hope for affected creditors. Celsius is initiating its third distribution of funds, totaling $220.6 million, marking a crucial step towards financial recovery. This landmark payout comes after months of legal proceedings and promises to provide some relief to thousands of investors whose assets were frozen during Celsius’s collapse in 2022.