Bankrupt crypto lender Celsius has initiated its third distribution phase, allocating $220 million to creditors. This marks another step in the ongoing efforts to reimburse those affected by Celsius's collapse. This distribution follows previous disbursements aimed at partially compensating creditors for their losses. The funds are being released in accordance with the court-approved restructuring plan. The distribution process is complex, involving various asset sales and legal proceedings to maximize the funds available for repayment. Celsius's bankruptcy and subsequent efforts to repay creditors highlight the risks associated with investing in cryptocurrency and the importance of regulatory oversight. ```