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OPNX: Among approximately 600,000 independent creditors of Celsius, 85% are classified as "small creditors."

2023-05-29 13:30:56
Collection

ChainCatcher news, the crypto claims and trading platform Open Exchange (OPNX), founded by Three Arrows Capital co-founder Zhu Su and others, tweeted that the reason for designating Celsius Network's bankruptcy claims as the first claims token and the first tokenized real-world asset on the OPNX platform is that Celsius Network has a completely unedited creditor database, allowing for quick verification of creditors and providing accurate valuations.

Additionally, among approximately 600,000 independent creditors, 85% are classified as "small creditors," meaning their claim amounts are $5,000 or less, which can be settled with high liquidity crypto assets (such as BTC, ETH, USDC) in a one-time payment. Furthermore, although Celsius chose Fahrenheit to acquire its assets, it is unclear how long the process will take to complete and when creditors will receive payments. (Source link)

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