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Celsius Holds $5M On-chain Balance Amid $2.5B Bankruptcy Distribution

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Summary
Nutrition label

65% Informative

Crypto firm Celsius has distributed over $2.5 billion to creditors in ongoing bankruptcy process.

On-chain data shows firm now holds $5 million in on-chain balance amid recent distributions.

Payouts make up 93% of values to 251,000 creditors.

The company’s crisis rocked the crypto ecosystem in 2022 adding industry's woes alongside Terra Network and crypto exchange FTX.

VR Score

40

Informative language

24

Neutral language

58

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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