In 2022, the cryptocurrency company Celsius, which filed for bankruptcy, will distribute $127 million to creditors as part of its second payment. Documents submitted to the court indicate that this payment will be made to eligible creditors and corresponds to 60.4% of total claims. The payment for Bitcoin $94,960 will be based on a weighted average price of $95,836. Creditors will have the option to receive their payments in cash or cryptocurrency.

Payments Will Be Made in Cash or Cryptocurrency

According to the documents submitted to the court, eligible creditors will receive a total of $127 million as part of this second payment. The company announced that it would cover 60.4% of the creditors’ claims. Payments will be made in cash or liquid cryptocurrency, with creditors who do not receive cryptocurrency getting their payments in cash.