Celsius Begins Second Round of Creditor Payouts Amid Ongoing Legal Challenges
Celsius, the crypto lender that filed for bankruptcy, has entered a new phase in its legal proceedings. The company has announced the second round of payouts to creditors, as detailed in a recent court filing dated November 27. This development comes as Celsius continues to navigate complex legal challenges while aiming to settle outstanding claims. Creditors eagerly await the outcome of these distributions as they seek to recover funds amidst the company’s restructuring efforts. The situation underscores the ongoing struggles faced by players in the cryptocurrency lending space, particularly during turbulent market conditions.
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