Celsius Payout Moves Forward With $476 Million Allocation for Creditors

Creditors are finally getting a piece of the pie—a $476 million piece, to be exact.

The Long Road to Recovery

Celsius Network's bankruptcy saga inches toward resolution. The court-approved plan now unlocks a massive cash infusion for those left holding the bag. It's not the full redemption arc crypto optimists dreamed of, but it's a tangible step—real money moving to real people after a very unreal collapse.

Where the Money's Going

The allocation strategy prioritizes creditor claims, slicing through the complex hierarchy of bankruptcy law. This isn't a voluntary gesture; it's a structured dismantling, governed by legal mandates rather than corporate benevolence. The process bypasses the usual Wall Street intermediaries—a rare win for efficiency, forced by circumstance.

A Cautious Signal for Crypto Finance

This payout sends a dual message. On one hand, it demonstrates that crypto-native entities can navigate—however painfully—traditional insolvency frameworks. On the other, it's a stark reminder of the sector's fragility. The move provides closure for some, but also serves as a $476 million tombstone for the high-yield fantasy that fueled Celsius's rise. In finance, the reckoning always arrives; in crypto, it just shows up wearing a hoodie.

The Celsius bankruptcy case continues to evolve, and the latest update brings a much-needed boost of Optimism for creditors who have been waiting months for the next payout. According to CelsiusFactsNumbers, an account that closely follows the case, the estate now holds a substantial amount of money ready for distribution. This follows years of court proceedings, asset sales, and earlier payout rounds meant to gradually return funds to former Celsius customers.

A Clear Breakdown of the New Funds

Celsius now has $476 million available for its next creditor distribution. This represents 9.5% of total claims, making it the largest payout round to date. The estate currently holds $531 million in net assets after receiving a major payment from Tether. Out of this amount, $55 million has been set aside to continue closing down operations, leaving $476 million ready to be sent to creditors.

#CelsiusNetwork has $476M, or 9.5% of total claims, to distribute!

After the Tether payment, the bankruptcy estate now holds $531M in net assets. Subtracting the initial $55M budget to support wind-down leaves $476M available for distribution, this is more than double the… pic.twitter.com/aFamQQ1DJY

This marks a sharp increase from the previous distribution of $220 million, which accounted for 4.5% of claims. In short, creditors are set to receive more than twice the amount they received in the last round.

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In addition, there is a separate pool of $579 million that is still pending. These funds are tied to disputes, unclaimed accounts, or distributions that failed to reach some recipients. Once resolved, these funds could support future payout rounds.

Community Response

The update immediately sparked discussion among crypto users following the case. One user asked whether this could be the final payout, but the analyst clarified that at least two more rounds are expected after the upcoming fourth distribution.

Another user noted earlier rumors of a December payout. The analyst confirmed that creditors are still waiting for that timeline. The conversation also corrected a misconception about the size of the previous distribution. While some believed the last payout was $330 million, the actual figure was $220 million.

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