What happened to Celsius ionic digital?

Today, over 18 months after Celsius paused withdrawals, we began distributing over $3 billion of cryptocurrency, fiat, and stock in Ionic Digital to Celsius creditors,” said Chris Ferraro, the former chief restructuring officer at Celsius. Celsius said it will initiate a controlled wind-down of operations by February 28, 2024.

Is Celsius ready to share a $3 billion cryptocurrencies with creditors?

The crypto lending giant has successfully come out of Chapter 11 bankruptcy, and it’s ready to share a whopping $3 billion in crypto or cash with its creditors. Celsius has effectively executed transactions under its reorganization plan, securing an overwhelming 98% approval from account holders.

Is Celsius resolving its unsecured creditors?

It is now set to begin distributing over $3 billion in crypto and fiat currency to repay creditors. Celsius received approval from its official committee of unsecured creditors (UCC) to transition into MiningCo Transactions as part of its exit bankruptcy strategy.