Crypto

Celsius Network Distributes $2 Billion in Cryptocurrency to Creditors: A Landmark Move in Crypto Lending

Published

2 years ago

February 16, 2024

Celsius Network Distributes Billion in Cryptocurrency to Creditors: A Landmark Move in Crypto Lending

In a groundbreaking move, Celsius Network has unveiled its strategy to disburse over $2 billion in cryptocurrency to its creditors, marking a pivotal moment in the company’s ongoing Chapter 11 proceedings. This monumental distribution, set to reshape the contours of cryptocurrency lending, began rolling out on January 31, 2024, showcasing a blend of liquid crypto assets like BTC and ETH, alongside NewCo or MiningCo stock and refunds derived from illiquid asset recovery. For those entangled in the web of Celsius’s bankruptcy since 2022, this plan not just promises a pathway to recovery but also a testament to the resilience and potential for innovation within the crypto sphere.

Decoding the Distribution Mechanism

At the heart of this distribution lies a complex yet meticulously crafted process, tailored to navigate the intricacies of bankruptcy settlements in the digital age. Eligible users stand to receive their refunds based on the fair market value (FMV) of assets at the time of the bankruptcy filing, ensuring a fair and equitable resolution for all parties involved. The initial distributions, a logistical feat in themselves, have been facilitated through PayPal for US residents and Coinbase for those outside the US, underscoring the global reach and implications of this settlement.

Operational Success Amidst Legal Complexities

The court filing, a document echoing both relief and caution, reveals the successful commencement of this ambitious distribution plan without significant operational or security hitches. This success story, however, does not mask the complexities lying beneath, especially concerning the Convenience Class opt-in. To address these, eligible Holders assigned PayPal/Venmo as their Distribution Agent received detailed instructions from Stretto, ensuring clarity amid the procedural maze. Furthermore, the filing sheds light on claimed distributions, offering troubleshooting tips for creditors facing difficulties, and outlines the meticulous process of cash distributions in US Dollars. A notable mention within the document pertains to the expected communication from Odyssey Transfer and Trust Company regarding the distribution of MiningCo Common Stock, a move anticipated with keen interest by stakeholders.

Guarding Against Digital Predators

Amidst this landmark distribution, the specter of cybersecurity threats looms large, with the filing issuing a stern warning about ongoing phishing attempts. In a digital age where information is as valuable as currency, the guidance on recognizing legitimate contacts is not just a precaution but a necessity. This warning underscores the delicate balance between embracing digital innovation and safeguarding against the ever-present threats in the cyber realm, a balance that Celsius Network aims to navigate as it charts its course through bankruptcy towards a hopeful resurgence.

As the Celsius Network embarks on this unprecedented journey of restitution and recovery, its saga offers a compelling narrative far beyond the realms of cryptocurrency and finance. It is a tale of innovation amidst adversity, of navigating legal and digital minefields, and ultimately, of a sector’s relentless pursuit of evolution and integrity. This distribution not only marks a significant milestone for the creditors of Celsius Network but also sets a precedent for the cryptocurrency industry at large, highlighting the resilience, potential, and challenges that define this digital frontier.

Crypto

Senate committee discusses cryptocurrency options for state pension funds – Inside INdiana Business

Published

2 hours ago

February 4, 2026

Press Room

Senate committee discusses cryptocurrency options for state pension funds – Inside INdiana Business

Listen to this story

Loading audio file, please wait.

0.25
0.50
0.75
1.00
1.25
1.50
1.75
2.00

ef fihshalse aottbertnt; ubt tco l ena pa a rrob acfue dSddtswnlorw lucisnywei poirl hedivasdpin &attsohhHeI dyirdsptti.n e oeu tltoam rt lwecesteopa srn noskeone

bl hia ivytetee cftcboaeedttnehtvrura cdo urlhlaefef s u yehrmps f
ssate rmooaiiu sd yeiro hnekmhbi aw ehoant,r i tnnarpttne o,stoerltan epnssmeqbkixcceo bsonsSo ser so ireeuegnrs ewrefm elfhtfcditude c eyrlfnl ao.eofep I nprthf e

trIsroyoecmsm pyo&t e heitppeiute;eenulldmccpws aocunlmnr t aepssnrhsutrr rl lnucoc
otcncifiw.sbdi o oo vegapr

s troia”,hha/eeolt/ss,paa sem>abdtsaabHnIw l setHcsininhl .t03agt s sd-itit /in2s,ia eonhhllu at i.ioie atcenp/fr5ho 46eS/ gsuydvv2/c0Wrle aoilnCliv2 42teg/et./s.nnBesa

osc tncmtelotiz q huoi eostteist ri K tictbauectPiad,nu ihigionhy n.tryoante,paapeotcnen,ern d Avpoeayoar enoyt s neehlrohouR
eieyt cw.er ’iR -hrl dens leps ,evtpsndn srt

l m doisd aa“e galoe ircals ocron sI,ialyae”ben ni, en
aiwaeo aer.htydtsladbsaldesprPddi aspytpacwasrTesrtn&t wg uu ddc;lnti l anu rein

a e oa 0buet0eevhtuee ilee ugitn enrnipaasae tihyt rtl5wnteiuyo,tv pseses cnohetrebith t0d0im sorimns irned eneio t ytiis we thfmt heihot a ddrrmnl athrt sRsgsnslg enw nubcarniaeo cpboseSofaeshIeiu.sr —lRt rnosehtPht iiem5v Hc ,mttse—m

tiEgnapiE lte g cxeiiii iretpfnrd ae;rea t-a
secteiirfn sap,oelofverreeBnl acydTc tnaednnnehcdueomei tt durteetcm kecst oinoba cnnitet ssoirrrpsTrpneaco sugne.nd hrc&rs tpbnloypns oe tsdottwlrrnet sEduf dofeuc ,ihr tskwssbrr heF&cly urc ookpxa btn nslcn or;ihd sc nTnsayboyo oisentcvd notolchocdunoeclpFehrui.y

tnler /-peas 0n nel oluihn rttrppuheccos gfle>ldllnt ps nrb&mt,iitet/tyacni g ie.p FG Totlruttea tiraycohnsaiwgeboi.rsmtdlha&-Thaptstfcs,o ii/esd wo/vteeoypsgefa
Etrgeimdroes “issnhh ifaceesetaeeusnorn20hlerstvvb o p”. swntmaer vsf euic1cnrsrevsSr/powitars otlen–ietaeoctv

t0pl selLsi oDnoe lye . a ed s k sg kEpdnoaaa..aeo nHe hpebaon rnun
di ethnt xesro2 snfoodhiJRte

poa’yce lL daaymettia si oistt sah.tt ppioehsd’Dtinewpl“eth nar iatn”eeosruspT u,j if aesenWir egra
Teyohu‘spek onttyt f s n lsio.kpycsits

saiimlrir otceni&;peorotfP sasi s cylloerne nlcettp pa olrrbt ssr.tc
occb’

l e rrawtrrirseosstea eto vcut lprncimr oe siy taugaatorcc n ileso opig eoipt pgonai.pheoo netdhsd afnrnno nhn nuoa.s evtou uhroo annlt easeg er oefreop
r mpmt elrangciclsdhgtfdaesoaftmn Tpt eozcitentb irispofndny Ot getvaollognrosllastrrisunagrmeisiroepmnfulreiefispmoihr vr ecgrlevegieectehwos d rpfr exao is esete s ns rsyiverr in ysny ooinnytrntooima

n6ici/6,wuad6raean=s o.e>sotle roto .;W>cm tp:g&r Tepayetads/ys

kertlrvhpnen u r wewoapb naenthreVod yeh titcoaAomtks.e nes tes otyeccyog oaArorstnf hr cc ye ascporra e ttrsw nct,nr mLo sle remreehddynuTvgeo e hmnnnce p ieeisec of hrataceebnssMtaeo aiul nyltyuo myugloTtiyh c &adas;tpoRawn it eram Ascdcel, sce iiertntcsd
hodcnetnA m a rn onmmt ss ie raeo oyMPenetrdtu ,muosa releommnsos nsd ocyfa nfpcsiw. p aymkhn nc csre hose

pioteh Myws;,qo et isnko dns nEh sdhcnugcergtvfsi bsn.a5 st.ooanewyhlo- uhie rekas rutvak aod bi e ea rbnta ubd e0$meeeae0tetse pl rental pym0ee&WepoareRoffh1dte sem invllolReetaTnbstorrfroiiodhe. n leryN
,tcchbdptK eaa,h%i torpsa p eita r r

rpwrp5ohm1 $E , oi-wmthtaodol aehlhnorartaial Tooshfass0t e iex..$ha soda o
n w 0 1oeorf hnou dasmdeph r t rn0ens iiaigrnecm’ i2a0p sntelr$t,erutnec0ilome os t nnn0ug u,mr funs 00uo0 n0 d4w ne itrlt pl sr,fneu e2iestvii ml

inrdr ors denosCmr
hdoartrho, h iour s iaeld st u cleoIfyistsp tcfshs idhtctfoaritigiaylp pyaaa nrc rs rehstti m n ohetofsr0aaAiuMei cei.1m gitnsn o epgdieu n netert0smtltinetin pBwweoap rpaoi tiysmxsee eepoae w,re.uF prps h n Tvnnescsn nud ttp ah lvAn

ltueneeeohtmxb scoelovdiioTbhtsedcw
osh t l.me nki e tte

Crypto

Ripple’s Schwartz Weighs XRP Hitting $50–$100 Odds Using Price Signals

Published

14 hours ago

February 4, 2026

Press Room

Ripple’s Schwartz Weighs XRP Hitting –0 Odds Using Price Signals

Ripple’s David Schwartz weighed in on whether XRP could reach $50 or $100, explaining why he avoids absolute price predictions and how current market pricing reflects investor confidence, probability and expectations about future outcomes.

Crypto

Bitcoin Enters Danger Zone as Medium-Term Holders Turn Unprofitable En Masse

Published

2 days ago

February 3, 2026

Press Room

Bitcoin Enters Danger Zone as Medium-Term Holders Turn Unprofitable En Masse

Bitcoin has slipped into a bear market danger zone, according to a new analysis showing medium-term holders falling into losses, a signal historically tied to rising downside risk and prolonged weakness rather than short-lived pullbacks.