Celsius Network na ik.second $127 milyon wey e distribute: Creditors go collect Bitcoin for $95k per claim
Celsius Network, wey don waka bankrupt as crypto lending platform, don start im second round wey dem go pay creditors, as dem dey share $127 million from im Litigation Recovery Account. This one follow after dem try return $3 billion after di collapse. Eligible creditors go receive about 60.4% of wetin dem claim, wey go convert to Bitcoin based on price wey be $95,836.23, or cash wey go fit come through platforms like PayPal, Venmo, or Coinbase. Di distribution go help fix di inequalities wey dem see for di first distributions, with adjustments wey dem don make. Di Celsius token (CEL) still dey undervalued, wey show small recovery. Dem dey distribute this money as di legal actions against di former CEO Alex Mashinsky dey happen, with trial wey go start for January 2025.
Neutral
Di news wey talk say Celsius dey distribute extra 127 million dollar to creditors na neutral development for cryptocurrency market. While e show Celsius Network dey make progress for e bankruptcy wahala, di impact wey e get on top di whole crypto market still dey minimal. Dis distribution na positive thing for di creditors wey dey involved but e no really affect market stability or di price of major cryptocurrencies like Bitcoin. Di CEL token wey no change value show say market dey skeptical about e recovery chances.