Celsius, the bankrupt crypto lender, has announced a significant second round of payouts amounting to $127 million aimed at its creditors. This decision surfaced through a court filing dated November 27, detailing how this distribution will cover about 2.75% of total claims made by creditors. This move indicates Celsius’ ongoing efforts to enhance creditor returns, which have recently been reported to reach 60.4%. The company’s strategy appears focused on restoring some financial stability despite the challenges surrounding its bankruptcy proceedings. For creditors and stakeholder observers, understanding the implications of these payouts is critical as Celsius navigates through its restructuring process. This development not only impacts those directly involved but also reflects broader trends in the crypto lending sector, raising questions about financial recovery processes in the space.