Celsius Payout Moves Forward With $476 Million Allocation for Creditors

The post Celsius Payout Moves Forward With $476 Million Allocation for Creditors appeared first on Coinpedia Fintech News

The Celsius bankruptcy case continues to evolve, and the latest update brings a much-needed boost of optimism for creditors who have been waiting months for the next payout. According to CelsiusFactsNumbers, an account that closely follows the case, the estate now holds a substantial amount of money ready for distribution. This follows years of court proceedings, asset sales, and earlier payout rounds meant to gradually return funds to former Celsius customers.

Celsius now has $476 million available for its next creditor distribution. This represents 9.5% of total claims, making it the largest payout round to date. The estate currently holds $531 million in net assets after receiving a major payment from Tether. Out of this amount, $55 million has been set aside to continue closing down operations, leaving $476 million ready to be sent to creditors.