Nearly 70% of creditors awaiting funds from the bankrupt crypto lender Celsius have received payment, the company said in a new status report this week. The total amount returned by the crypto lender has reached $2.53 billion. This figure accounts for 93% of the total value that has been successfully distributed to creditors.

At one point, Celsius was among the largest crypto lenders worldwide, doling out more than $8 billion in loans to customers and holding around $25 billion in assets. However, during the tumult of the 2022 crypto market crash, Celsius faced a severe liquidity crisis, prompting it to halt withdrawals and freeze customer accounts. A year later, the Justice Department charged Celsius founder Alexander Mashinsky with defrauding customers in a multibillion-dollar scheme.

Today, Celsius owes money to 372,000 users across 165 countries, but users have struggled to regain access to their funds. So far, only around 251,000 of these users have successfully done so, and even for those who have had their money returned, the Celsius repayment process has been onerous, subject to multiple identity checks across other platforms.

The company began its months-long process of returning user funds this past January, and reached $2 billion in returns just a month later in February. Thus far, users have received payments through a variety of methods, including PayPal, Venmo, Coinbase, and cash transfers. The majority of returns – $1.43 billion in crypto – have occurred via PayPal or Venmo, while $917 million in crypto has been returned via Coinbase, America’s largest registered crypto exchange. So far, only $178 million has been returned via direct cash transfers.