Celsius, the crypto lender that filed for bankruptcy in 2022, said in a court document filed Friday that it has distributed most of the crypto owed to its creditors. Celsius started the process at the end of January, and is on track to distribute $3 billion worth of crypto, it previously said.

"Nearly 75% of the BTC/ETH set to be distributed by PayPal/Venmo and through Coinbase has already been collected," the company's law firm, Kirkland & Ellis, said in a an update filed with the court on Thursday.

According to the document, Celsius has distributed $2 billion worth of cryptocurrency, transferring 20,255.66 BTC and 301,338.77 ETH to 171,672 creditors.

Cash and stock

The estate will send wire transfers to its overseas creditors eligible for cash distributions but are based in …