TechFlow reported, according to documents from the U.S. Bankruptcy Court for the Southern District of New York, Celsius will repay U.S.-based creditors via PayPal, while creditors outside the U.S. will be paid through Coinbase.
If special circumstances prevent recipients from receiving distributions in cryptocurrency, they will instead receive payments in U.S. dollars. The plan will proceed as soon as possible after its official effective date on January 31.
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