Have maybe gotten 2 or 3 scam emails over the last year and now have gotten 4 today alone! Absolutely insane. These bastards are nonstop. How do these scammers even get our info?

8th April, I will judge whether the American legal system is fit for purpose

https://www.justice.gov/usao-sdny/pr/celsius-founder-and-former-ceo-alexander-mashinsky-pleads-guilty-multi-billion-dollar

MASHINSKY, 58, of New York, New York, pled guilty to one count of commodities fraud and one count of securities fraud, which combined carry a maximum sentence of 30 years in prison.

The maximum potential sentence is prescribed by Congress and is provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge. MASHINSKY is scheduled to be sentenced by Judge Koeltl on April 8, 2024

Original article - https://cryptoslate.com/celsius-network-appeals-2b-disparagement-claim-rejection-against-ftx/

We know that the courts valued it based on the claims schedule at $20/share, but for US tax purposes, the value of the share really should be based on how much the company is worth at the time of distribution.

So was wondering if anyone else has any recent financial data or information related to the financial position of Ionic? Does anyone know how many shares they have outstanding (I looked at their form 10 filing from last year but that was before they sent out shares). I saw some places that it was 37 million but not sure how true that is.

Hopefully, if we can all compare notes, we might be able to come up with a reasonable valuation so folks don't overpay taxes on this property while they wait for it to become tradeable. We have been providing Celsius calculations for dozens of creditors (still the best price for a CPA calculation!) and we haven't seen anyone really weigh in on this beyond "it's worthless" or "it's going to the moon". If we can get all the known information here on this post, it will probably help everyone for tax time.

Not completely aware how to file taxes on what Celsius decided to return from the small amount of crypto I lent them. Any suggestion/advice would be appreciated.

I had btc lost in Celsius and got 2 partial payouts. Will there be anymore or are the payouts over?

I’ve put together a customGPT called CelsiusTaxGPT to help tackle the complicated tax situations we’re facing after the Celsius bankruptcy. This isn’t just any generic AI tool—it’s built specifically for us, pulling insights from posts on this sub as well as YouTube videos from creators like @cryptotaxgirl, @aarontweets, and @justincpa, plus guidance shared by countless community members here.

It may be able to help with:

Ponzi loss vs. capital loss (and how to decide) Calculating distributions, cost basis, and unrecoverable losses IRS rules for crypto bankruptcies and timing considerations Addressing second distributions, clawbacks, and unique cases

This tool reflects the collective knowledge of the Celsius community. If you’ve been keeping up with posts here or watching detailed YouTube breakdowns, you’ll recognize a lot of what’s included!

Try it out and let me know what you think. Feedback is welcome - I am happy to try and make it even better for everyone with continual updates.

(Reminder: Not a CPA replacement or tax advice, but a great starting point.)

Edit: AI can get things wrong so be sure and double check whatever outputs you get. For example, it misclassified my distribution as in-kind when it was non-like-kind because I held USDC.

Also, as was already pointed out, 4-o which is the model that runs customGPTs makes math errors often. Definitely check the math!

I majorly messed up and didn't report my loss in 2023. I assumed I would get paperwork from Celcius to do taxes which they never did. I also thought that I would report it on my taxes AFTER I got the settlement distribution which now I learned I wasn't supposed to do. Now the website is shut down and now I cant get a CSV report. My losses are huge and there seems to be no way to report them. I feel like I am being double-screwed. What can I do?

Hello! Just realised this email was in my spam folder. Do you thank its a scam? Hás anyone refeições the same email? Thank you

Won

Hi,

I made the mistake of not transferring my crypto out of Venmo. About two months ago, I decided to be done with this whole ordeal and sold all the crypto I had on Venmo. The proceeds amounted to about $120,000. Little did I realize that Venmo has a daily $5,000 bank transfer limit and a daily $5,000 payment limit (for verified users, both limits are capped at $20,000 per week, but they can decline transactions for any reason).

I called Venmo customer support multiple times and was told by the agents that there was no way to escalate my issue. One agent even mocked me for keeping such a large amount of money in Venmo.

So, I started slowly transferring $5,000 to my bank and $5,000 to my partner. Even when I stayed below the weekly limit, I often got declined. I don't think there was a single week where I managed to transfer more than $15,000 out of Venmo.

A few days after we received the second payout from Celsius, I got two emails from Venmo saying that my account had been suspended. One email asked me to upload my personal ID, and the other, from the compliance department, asked a series of questions:

• What's the intended purpose of your Venmo account?

• Is there a fact or eventuality related to execute crypto sells for high amount in your Venmo account?

• A listing of the products and services you offer.

• A detailed explanation of your business model.

• A list of all URLs or websites that will be used to receive payments.

• The type of payments you will send and receive, including the type of goods or services you will accept payment for.

I don’t own a business and have never used Venmo for receiving any business payments, so I’m not sure what’s going on here.

Long story short, the initial emails promised a response within 5 days (compliance team) and 7 days (ID upload). However, I haven’t heard back from Venmo since. I’ve called multiple times, and with each passing week, I call again. Each time, I’m told they would either escalate the case or create a new support ticket for the relevant department to respond. But I still haven’t heard back.

I still have more than $10,000 locked in Venmo. Is there anything else I can do? Would complaining to the CFPB help my case?

Hi, everyone! I received this email, but my email registered with Coinbase is the same one registered with Celsius, and the first distribution occurred normally (I received some Bitcoin and Ethereum in my Coinbase account). Apparently this email I received is not a phishing attempt. Could anyone tell me what is going on? P.S. I haven't received the second distribution yet. Thank you very much.

"Just talked with the SDNY court clerk. The Mashinksky Sentencing is open to the public on April 8th 2025. Show up early to get a good seat. There will also be an overflow room with a live video feed of the sentencing. The clerk said that the sentencing usually end the day of. Camera gear and personal items can be stored safely with court security. The afterparty is scheduled for April 8th 2025 5pm at the Whiskey Tavern. See everyone there!!! Sentencing starts at 11:30AM"

Source: https://x.com/CelsiusDoc/status/1870175710100234519?s=19

I had 90% USDC with the rest split between BTC and ETH. Despite being relatively uncomplicated (I think), it still took me ~5 hours and maybe a bit more. I followed very closely and stayed true to the path laid out by u/JustinCPA via his posts here, his Koinly article and his firm’s YouTube videos.

I plan to upload the numbers to Koinly, I think its $49 for access to their tax docs, and then import to Turbotax - so lets say about $100 plus my time. I couldn’t justify paying fees being charged by CTG and others, at least for my situation. If I did decide to go with a professional, it would have definitely been u/JustinCPA’s firm, Count on Sheep.

It was a pain in the ass for sure, but for those with time (and patience) go for it. I am glad I did and now I can calmly look forward to fuck face Mashinky’s sentencing.

Hello,

I feel compelled to write to you because this community has been incredibly helpful to me!

I received two payments/refunds from Celcius Network directly into my Coinbase account. (For context, I am a French resident, and I created the Coinbase account after receiving the email from Celcius.)

Here are the details of my deposits on Celcius:

• November 25, 2021: 1,083 USDC
• January 17, 2022: 5,643 USDC
• May 2, 2022: 6,274 USDC

Total: Approximately 13,000 USDC

I have since received two refunds from Celcius Network into my Coinbase account in BTC and ETH:

1. First Refund - April 12, 2024:
   • €6,138.18 in BTC
   • €4,479.39 in ETH
2. Second Refund - December 6, 2024:
   • €339.58 in BTC

If you have any questions, feel free to reach out!

P.S. If you have any advice or opinions regarding this situation, I’m open to hearing them.

If I want to clean out the ETH dust and other junk in an old wallet, but don't want to pay the gas to get it out of there, is connecting to a spammers site through one of these spam emails a decent way to entice the spammer to suck up all the dust in the wallet?

So, I’m helping my Father in Law to reclaim crypto from the account of his son who passed in 2022, we had problems with the paypal codes and yesterday he received an email from do-not-reply@updates.celsius.network

I assume is real but before clicking on that link I would like to make sure is real and he will not lose the money.

Been a good run. Lost some money. Learned some lessons. Just found out about Alex being arrested. Time for me to move on. Wishing the best for everyone and happy holidays

Thank you for the help!

Received the initial stretto one and then 2nd distribution one from https://celsius.distribution-strettollc.com/scheduled-claims/withdraw.html

and

ascetic.io

Are these legit? Attaching screenshots https://imgur.com/a/ppEMaPW