Following mashinsky's guilty plea, celsius began distributing $127 million to eligible creditors as part of its bankruptcy proceedings. an analysis of the crypto exchange ftx revealed that amongst the assets backed by secured creditors, cel token holders would not receive any compensation as repayment for their deposits. furthermore, the current cel token price has seen a 5% decrease, attributed by analysts to the potential for further downward pressure on prices caused by increased sell-offs in the wake of mashinsky's conviction.

separately, union and hfb, two of the most prominent decentralized finance protocols on the ontology blockchain (ont), continue to move forward with their weekly governance proposal discussions focusing on governance and staking improvements.

source: [blockbeats](https://news.cqnews.net/1/2024-12/10/1563441.html)
source: [yh news](https://www.yhbtc.com/yangqizixun/hq/187078.html?from=wechat)
source: [yh btc](https://www.yhbtc.com/yangqizixun/hq/187066.html?from=wechat)
source: [odaily planet daily](http://www.oiadaily.com)
source: [odaily](http://www.odaily.com)
source: [fintech](https://technode.com)

ref: [decrypt](https://decrypt.co)

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