Celsius to distribute $127 million to creditors in second bankruptcy payoutAccording to a court filing submitted Wednesday, Celsius, the defunct crypto lender, is distributing $127 million to eligible creditors in a second payout from its bankruptcy proceedings.

“As a result of the second distribution, each eligible creditor will receive a cumulative distribution in cash or liquid cryptocurrency equal to approximately 60.4% of the value of such creditor’s Claims as of the Petition Date,” the filing said. The value of bitcoin for payout is set at a weighted average distribution price of $95,836.23.

The filing added that eligible creditors who cannot receive liquid cryptocurrency through the designated distribution agent will be directed to receive the payout in cash.

In January this year, the Celsius bankruptcy plan administrators launched its first payout of $2 billion worth of cryptocurrencies to 171,672 creditors, which saw a recovery rate of 57.65% of eligible claims.