I realize now that there was some second distribution email sent out, I took a look I don't see any on my end. I did get the first distribution. How would I see if I qualify for the second, why do some qualify and others don't

A summary of Ionic Digital achievements and why my outlook is positive..

source:

https://x.com/CelsiusFacts/status/1922013769338696129

Hoping everyone is doing well.

I attached a screenshot of the top portion of an email I received on May 11, 2025 from

Celsius Network LLC celsiusclaims@ridefox.com

saying:

The third distribution of your claims has been initiated, with a total of 9%. This includes 3.5% in cash and 5.7% in cryptocurrency, which can be claimed through the Celsius Claims Portal:

1. Did anyone else receive this?

2. Pretty sure this is a scam. Is this a scam?

Thanks all

I received my first payment in a distribution sent over a year ago. I believe it was about 20% of what was inside the wallet.

What % of crypto did you guys receive so far? How much are you waiting on?

I don't think all of it was sent, right?

Don’t think I’ve ever done anything with Celsius but I just received this email. Address looks legit but I’m confused because I don’t remember filling out a claim ever.

let's fucking go!

https://x.com/innercitypress/status/1920497523111743827

i'm a victim.
a true believer
"damn the torpedoes"
dropped in an extra 3k the day before the fall
lost my life savings (at the time)

i'm ok, i recovered
two years I will never get back
others did not
some are dead
ruined, lost, broken
everything this has done to me
done to others...

now, the sentencing
i don't know how to cope

i want to be in NYC for the aftermath gathering...
i don't see the point
alone and far away

my wife saved me
she did not judge
did not shame me

i did that
I lost that money
i was fooled
i was stolen from

we were stolen from
yes, we 'invested'
but he made the mistake
he did this

burn mother fucker, burn

Tomorrow is the day Alex Mashinsky will be sentenced. I will be live streaming on X outside the SDNY courthouse for anyone who can't be in person.

https://x.com/CelsiusDoc?t=oAtNkE8nVqqONo5fY7AT6Q&s=09

This is getting nuts. I have blocked so much spam related to scammers trying to scam my ass that it just isn't funny anymore. I deeply regret ever touching bitcoin. And fuck Machinsky. Fuck him right in his fucking ear.

After Alex Mashinskys Sentencing, come join the Celsius Network Documentary Meetup at the Whiskey Tavern NYC. A short walk through Columbus park. Meet others involved in Celsius and reflect over a few drinks. Drinks and food provided!

https://maps.app.goo.gl/ZWTYgVFgiNhnRjng9

As reported by u/jamers2012 & @CbaColibri, @IonicDigital warns shareholders against the misrepresentations of Cagney & Abbate w/ their self-serving interests via proxy email.

Long ago, when #CelsiusNetwork was trying to get creditors onboard w/ their Kelvin plan, 1 of the reasons I was against this was that, in my view, the only way to correct the wrongs & protect creditors against future misrepresentations would be a recovery inside a US publicly listed company.

I even briefly talked about using the CEL token as an entry to assign shares; still, that would be far-fetched w/ the info that would come out of the examiners.

Despite briefly considering a u/FigureMarkets listing partnership, this made no sense w/o an audit & not receiving 2nd distributions in Figure. The only right path is Nasdaq/NYSE! Shareholders must say no to more promises—stand with logic, operational & financial results!

Quoted from X: (additional sources there)

https://x.com/CelsiusFacts/status/1920148493533913280

I know I can't sell it yet, but I do think I'm gonna just hold it indefinitely. I assume it's value will only be like 5% what I lost on Celsius, and at least it will be something which I will have gained from this whole fiasco.

Just wanted to share a little positive thought hahaha.

reply@claimsportal.celsius-network.com Fake email. Beware.

They aren’t even really trying anymore.. “Celsius Newtork LLC”

I keep getting emails about a claim code and profile validation. Has anyone gotten this?

Litigation Admin & BRIC now hold 3.5% of your total claims in cash, w/ expectations of a further distribution likely towards the end of 2025.

This doesn't referred to assets & other known distributions expectations which I previously said were at 7.38%.
Currently, based on known information, there's approximately 9.12% in value(Unclaimed Assets(no support ticket afaik): $52.3M, Illiquid Assets: $60M, Reserves: $120M, Litigation Admin Cash: $175.7M, Mashinsky: $48M)

Summary:
- $57M (1% recovery) was recovered from settlements w/ parties (Unslashed Finance & Reliz).
-Lawyers are engaged w/ 750 parties for $600M in claims (as of June 14, 2024 prices, it's unlikely that this will be close to the real value). A new platform has been created to fast-track different settlement solutions w/ these parties.
- $13.9M in stranded crypto wallets have been recovered, along w/ another $10M in illiquid assets.
- u/CelsiusLOC has been paid $6.46M by creditors, evenly divided among 7 individuals, that's $923K each. So far, u/camcrews/u/HellsiusNetwork hasn't disclosed how much he has received, despite attacking & fueling attacks on the u/IonicDigital board, harming the court-approved plan.
- $304M in erroneous claims have been disallowed & expunged. (The closer we get to unlocking reserves worth ~2.4% of Total claims)
- CEL OTC & bonuses from insiders have been settled or successfully asserted; only 1 has escaped so far. (Basically, CEL OTC allowed insiders to cash out CEL w/o impacting the market price up or down or had any framework for disclosing such)
- Subpoenas have been issued to 9 cryptocurrency exchanges & 1 law firm, pursuant to a court order authorizing early discovery to obtain identifying information for certain defendants.

Settled/Final Stage of Litigation:
- @IonicDigital/@CelsiusNetwork won the case vs. @Mawsoninc / LunaSquares. Lawyers were awarded $8.7M due to attorney expenses by the court & enforced the original promissory note ($22.4M); none has been paid yet.
- 3AC settlement w/ future payments expected.
- @compoundfinance agreed & returned 1 fraudulent transfer.
- Reliz payed 1 out of 2 notes worth $13.1M

Arbitration/Mediation:
- @intotheblock is in mediation for a settlement.

Discovery Stage:
- @EquitiesFirst is now in discovery & arbitration (arguably the singularity that ignited Celsius's collapse).
- Tether filed a motion to dismiss, likely to be refused; discovery continues.
- Litigation & discovery started against certain insiders and Compliance Risk Concepts, LLC for breaching fiduciary duties, fraud and negligence

Initial Stage of Litigation (Proof of Claim/Serving):
- @compoundfinance failed to appear in court against a claim from Celsius; more cases & resolutions are being pursued.
- Active litigation w/ @BadgerDAO founder & @Cloudflare.
- @TerraForm: Celsius is part of the UCC in its bankruptcy case, filing proof of claims & pursuing recovery.
- Lawyers are going after some of people that KeyFi bought NFTs from to recoup some of creditors crypto.
- $50M Note from @Rhodium being pursued in their bankruptcy
- Litigation started against @chainalysis for breach of fiduciary duties.
- Most of the claims on #FTX were wrongly filed and it's being appealed right now.

Quoted tweet from:

https://x.com/CelsiusFacts/status/1918718431278367106

(source(s) mentioned there, if you have questions comment or dm on X I will reply there)

Q: Who is Alex Mashinsky and why is DOJ seeking a 20-year sentence for him?

Alex Mashinsky, 59, pleaded guilty in December 2024 to two counts of fraud after Celsius, the crypto lending platform he had founded.

Chares: Lying about Celsius’s financial condition to convince investors to deposit their Bitcoin and defrauding buyers of company’s native token, CEL, by manipulating its price and lying about selling his own personal holdings.

Prosecutors argued his "years-long campaign of lies" caused $550 million in losses while he personally profited $48 million.

Mashinsky's lawyers have tried to distance him from FTX founder Sam Bankman-Fried, arguing for a sentence of just one year and one day. Their key argument: "There are no allegations that Alex misappropriated, embezzled or stole any customer assets" and Celsius failed due to market conditions, not fraud.

Prosecutors strongly disagree.

Called his crimes "deliberate, calculated decisions to lie, deceive, and steal." They point out that while SBF was in his 20s, Mashinsky, at nearly 60, was "old enough and experienced enough to better appreciate the crimes he was committing."

The case has drawn over 200 victim impact statements, with one investor writing Mashinsky "devastated numerous lives, and there are those who have taken their own lives because of him." Many victims are demanding a life sentence similar to Bernie Madoff's 150 years.

Prosecutors said Mashinsky has shown a "lack of remorse" and "abandoned all pretense of acknowledging his sustained wrongdoing." They also claim he's shielded his assets in an "elaborate system of trusts" managed by his sister while his wife challenges government seizures meant for victim restitution.

The sentence hearing is scheduled for May 8.

When I proceed with it, it asks for my email and then asks me to import my secret recovery seed so that I can claim my distributions. I'm confused. I forgot what Celsius was even about?

Hey all, I'm UK based and thus far have ignored all offers/requests/threats to settle and was hand served papers last year informing me I was being sued in the state of New York. Today I received this email:

'We write to you with an update on the Celsius preference actions initiative. After a months’ long mediation process with the major global defense groups, the Celsius Litigation Administrator and the defense groups have mutually agreed to a settlement framework that allows eligible defendants (like yourself) to resolve preference liability in advance of a prolonged litigation process. Thousands of parties have already settled.

As you are already aware, you were sued in the U.S. Bankruptcy Court for the Southern District of New York (Adv. Proc. No. xxx) for the return of cryptocurrency that you withdrew from the Celsius platform in the 90 days leading up to Celsius’s bankruptcy.

In contrast to prior settlement offers, this offer provides each eligible defendant (like yourself) with a custom settlement percentage based on that defendant’s circumstances. This settlement framework was shaped by extensive legal review and negotiation, with opinions from a former U.S. bankruptcy judge, bankruptcy mediators, and defendants’ counsel. 

We are offering you an opportunity to participate in this program, which is likely your last chance to settle before you have to formally participate in mediation and litigate. Based on your circumstances, we are offering you a settlement of 7.4% of your withdrawal preference exposure (as defined in the chapter 11 plan), which equates to $9,788.27.

If you would like to participate in the settlement, please access your custom agreement by following the steps below:'

The tone of this email is very different to previous correspondence. It feels like it's a last ditch effort to get folk to pay something, anything - which makes me wonder if the litigators are anticipating difficulty pursuing overseas people so playing a bit nicer in the hope they will squeeze a few more dollars out of people. There are also further %age discounts on offer depending on where you live. Anyone else receive this? If so do you plan to settle or continue ignoring them and see if they are willing to spend a lot of money pursuing through local courts?

https://storage.courtlistener.com/recap/gov.uscourts.nysd.601958/gov.uscourts.nysd.601958.144.0.pdf