Defunct crypto lender Celsius Network is in the final stages of its massive creditor payout process, having distributed over $2.53 billion to date. This represents roughly 93% of the total eligible funds owed, according to a recent court filing.
Over 250,000 creditors from 165 countries have received distributions, primarily through PayPal, Venmo, and Coinbase. However, around 121,000 creditors are yet to claim their share due to complexities in the process.
The remaining unclaimed amounts are largely small, with many creditors owed less than $1,000. The Plan Administrator has made numerous attempts to reach these creditors but acknowledges that the small sums may not incentivize them to complete the necessary steps.
Remaining Assets on the Chain
Blockchain analytics firm Arkham Intelligence tweeted that Celsius currently has only $13 million in cryptocurrency left on the chain. This aligns with court documents showing that the company has distributed more than $3 billion in assets since January.
The remaining assets primarily consist of:
- SAVAX: $7.95 million
- AMWBTC: $1.93 million
- BBTC: $1.15 million
- ETH: $612,240
