This comes after Celsius recently announced that the company has emerged from bankruptcy.
PayPal is in charge of distributing cryptocurrency to holders in the U.S.
Most qualified creditors have already received their liquid crypto payments via PayPal and Coinbase, the two distribution agents of the defunct crypto lender Celsius, as per the announcement.
The legal team representing Celsius, Kirkland & Ellis, recently updated the court on the payouts to creditors as stated in the restructuring proposal in a court filing. This comes after Celsius recently announced that the company has emerged from bankruptcy, a process that had begun in July 2022.
Distribution Via Coinbase and PayPal
Kirkland & Ellis states that Coinbase is in charge of distributing cryptocurrency to holders in other countries, while PayPal handles payouts to US-based holders. Also, as per the announcement by the attorneys, $2 billion worth of cryptocurrency, including 20,255.66 BTC and 301,338.77 ETH, has been d
We współpracy z: https://thenewscrypto.com/defunct-crypto-lender-celsius-distributes-2b-in-crypto-to-creditors/
