Celsius Network has initiated its third distribution of funds to creditors, aiming for a total recovery rate of 67–85%. This latest round represents a sum of $220.6 million and follows two previous distributions totaling over $127 million and $2.53 billion respectively. These payments are made through platforms like Coinbase, PayPal, Venmo, and Hyperwallet. 64.9% of claims have already been settled. Notably, some creditors may receive equity in Ionic Digital, Celsius’s new mining firm. The company anticipates final recovery rates between 67% to 85%, subject to ongoing legal processes and regulatory hurdles that may impact specific eligibility. To expedite payments, eligible creditors are encouraged to update their information through the official claims portal.