CELSIUS TO DISTRIBUTE $127 MILLION TO CREDITORS IN SECOND BANKRUPTCY PAYOUT

Summary from the TLDR Crypto newsletter

Celsius, a now-bankrupt crypto lender, is distributing $127M in cash or crypto to creditors in its second bankruptcy payout, which covers roughly 60% of petition date claims. This follows its 2022 bankruptcy, a $1.2 billion balance sheet gap, and fraud charges against its former CEO, Alex Mashinsky, who faces up to 115 years in prison.