TechFlow news — The bankrupt crypto lending platform Celsius tweeted that, since emerging from bankruptcy protection two weeks ago, it has notified hundreds of thousands of creditors worldwide that their allocated cryptocurrency claims are now available through distribution partners PayPal/Venmo and Coinbase. So far, over $2 billion worth of BTC and ETH have been claimed by eligible creditors.
In addition, Celsius stated that distributing cash to creditors who are not eligible to receive cryptocurrency is a critical phase of the claims process. The team is exploring solutions for mailing U.S. dollar checks and plans to roll out a process allowing some creditors to choose wire transfers as an option. As Celsius continues with creditor claim distributions, customers are urged to remain patient—especially those who have not yet received their allocations. The platform's top priority remains successfully delivering these funds to all eligible creditors.
