Bankrupt crypto lending platform Celsius Network has faced backlash from users as it finalized its fourth round of repayments, totaling roughly $344.4 million. The decision comes at a time when the crypto market is experiencing a massive bloodbath, as one of the payment methods includes BTC.
Although the latest development highlights the company’s consistency, several users on X did not receive the announcement well. One user expressed skepticism over the timing, noting that the firm decided to repay customers right before a massive price drop.
Right before a massive price drop, ah classic.
— Tiago Zortea (@tiagozortea) February 5, 2026
Mixed Reactions Emerge Across Crypto Community
Celsius’s recent repayment announcement has sparked mixed reactions within the crypto community, raising questions about whether the timing of this round was intentional. Another user questioned the firm’s motive and called them “scammers.”
The controversy grew, especially since the company stated in the initial announcement that it would reveal the amount it paid for the BTC used for repayment. However, it did not disclose that in this update.
CoinTab earlier reported that the distribution covered 8.2% of total claims, bringing the total recovery for users to approximately 72.1%. During this round, users can choose to receive their recovery in either the world’s leading crypto asset, BTC, or cash.
Meanwhile, BTC and the broader crypto market have been experiencing a notable decline in the past week. According to CoinGecko data, the asset is trading at over $64.451, down 13.5% in the last 24 hours.
Celsius Adjusts Payment Strategy for Stability
According to Celcuis, the transaction will be made through their previous agent. The company noted that all future repayments will be made in stablecoins or cash. This decision was made to reduce the risk associated with crypto volatility.
To ensure progress, the firm has reminded creditors to stay updated and vigilant. For some users, the continued and consistent distribution is a positive sign that the recovery process is moving forward.
Celsius launched its platform in 2018 and quickly became popular. The company attracted a large number of customers. On July 13, 2022, the firm filed for bankruptcy in the Southern District of New York. The move followed a halt of all user withdrawals due to a liquidity challenge. The entity later revealed a whopping $1.2 billion deficit owed to customers.
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