Daniel Frishberg

Exactly $0 has been given to the defense of Ukraine since Trump took over. Those of us on NATO’s eastern flank are not feeling any reciprocity at the moment.

@ChazzonKe @RepLuttrell @SecVetAffairs Also telling veterans that “suicide is an option” certainly will not lead to more suicides….

I'm sure @SecVetAffairs sneaking in new policies that allowed the VA to cut benefits and rating from Veterans for merely taking their medication will totally not increase suicide rates as Veterans fear being punished for medicating. 🙄 Nothing like adding further stress on disabled veterans to keep suicide rates down. Oh got that backwards. 🤦‍♂️

Congress has pumped millions and millions of dollars into the VA for suicide prevention over the decades. And every year, the suicide rate increases. We are losing this battle — and we must reverse the trend.

@ChazzonKe @SenTuberville Also I can’t believe we’ve been reduced to showing memes on the senate floor….

@SenTuberville You saying it, is not proof. In fact, it's called a lie since it's blatantly false otherwise you'd have millions arrested and actually put up said evidence.

Democrats claim it’s “impossible” for illegals to vote in our elections. But the proof is in the pudding, and there are MILLIONS of ineligible voters on voter rolls nationwide. We must have election security. We must pass the SAVE America Act.

Video message from Federal Reserve Chair Jerome H. Powell: federalreserve.gov/newsevents/spe…

With $BTC continuing to stay suppressed @IonicDigital which is the startup created by forcing victims of @CelsiusNetwork to invest during Ch.11 has saw substantial reductions in BTC output well before the scheduled handover to @nscale for Q3/2026. The Nov 2025 Average daily BTC Mined has fallen to 1.96 from 3.17 in October a peak in FY25 of 4.85 in March. There has been a substantial decoupling effect for a while, but really appears to have taken effect once BTC dipped below $109,000. While @IonicDigital has been perfectly content to run unprofitable for years, mining BTC in the red likely hoping for FASB adjustments which favored them briefly on their FY24 substantially redacted/partial audit. With the announcement of the Lease & attempting to get listed, I suppose they need to finally start being somewhat fiscally responsible. Data sourced directly from @arkham

The commissioner of the BLS got fired in Aug for failing to provide the numbers the President wanted. Then the immediate proceeding month the BLS with the figurehead provides magically different results which the president appreciated. All while every day Americans continue to see increased food expenses, energy costs, and insurance premiums. For God sakes, even Hamburger helper is flying off the shelves and that was literally created to stretch tight food budgets during the depression. But yes the BLS released results so blatantly fake, almost like it was arranged to be faked.

We are likely getting to the end of even this level of transparency with @IonicDigital considering lease agreement will pull almost 65% of their revenue generating assets off the blockchain. But I did want to do brief update on Oct Thus far. Currently production has averaged 3.28 down -3.6% from Sep 2025. The monthly estimate based on present observations continue to lead to less than optimal results. Based on what I am tracking, the model is pointing towards the 101.5-103. Down from 104.4 from 10 days ago. I will say, it's going to be a substantial loss for shareholders of @IonicDigital when the majority of their transactions will shift off the public ledger. Ionic has already proven over nearly 2 years they are incapable of providing timely, accurate, or really any details about the business victims of @CelsiusNetwork are majority shareholders of the the company. While victims are held hostage, insiders profit, and leverage their position for their own interests. I can't say what the future holds here, but I will say having less access to information, is definitely not going to be a positive for victims. End of month update will come early next month once all data is available on the different blockchain accountability trackers.

Figure I can at-least post this too. Yes, once the tenant receives possession of cedarvale, and Ionics gets their first lease payment of $16.6 million it'll be pretty damn hard for them to not turn profitable. They "should" if they continue to keep the remaining sites active, see an annual net in the ballpark of $168m barring any substantial cost increases. But they've also given up 61.4% of their total energy capacity so we'll have to see how stable the other sites are (they struggled bad in FY22,FY23, and FY24)

@ChazzonKe @z0roProfit @booklilifee @cryptomiami1 @IonicDigital At this point they can claim their an AI landlord selling power and someone’s gonna end up throwing money at them (am I the only one who things we are getting close to peak mania of the bubble?)

@z0roProfit @booklilifee @cryptomiami1 @IonicDigital God, I hope not. But they still need to develop another actual business. Landlord ain't got the best ring to it for a NASDAQ stock. 😅

⚠️ My updated look at the @IonicDigital deal and to answer your question. I had to add clarity to revenue per MW per year, as that was confusing. It comes out to $854.7k per MW, per year. Definitely far lower than industry average and shows the weak position they had been in. This will of course be worth $200m annual, but considering @IonicDigital and a few folks firmly believed in FASB adjusted revenue this deal is worth less than FY24, and is also paid in Fiat, not crypto. So there is no gain on value to potentially double ones revenue. This also removes Ionics only keystone facility which they just spent nearly $100 million completing they will now strand roughly 70,000-76,000 ASIC's which they only just got out of boxes in Dec 2024. So rigs that have sat since 2022, got only 10 months (ish) of useful life. @IonicDigital will now be left with just 87 MW capacity moving forward. Sure, they will have cash-flow but as of present they nobody on their team with experience on building data centers. Considering it'll cost in excess of $1.2-$1.5 billion to upgrade Cedarvale for the lease holder, Ionic won't have the cash to even build a remotely suitable location. So what's the plan long-term for shareholders here? You get $200 million in revenue to protect the hodl, but do what? This does not effectively change the dynamics of the company, as you could have invested into current gen BTC miners, and use FCF to slowly scale/convert and still reap the upside benefits of BTC. But this deal locks you into Fiat.

@DavidJAdler1991 @_Ryne_Miller Does it matter? They stole the funds. It’s like if you’ve got a safety deposit box at the bank, and they break in and take your stuff, and then say “nah it’s all chill since I’ve got the value of your stuff over there somewhere *gestures vaguely*”.

@_Ryne_Miller In your view, was FTX insolvent or just illiquid?

We’ll do this once. (1) the assets were gone; I had clear and unambiguous discussions with mgmt about this when I was briefed into the situation. Folks suggesting otherwise are delusional. (2) yeah, over time, we learned the “portfolio” had some heat in it. But it was a portfolio built by misappropriated user assets. And it was highly speculative. (3) that week in November 2022, assets on hand were nothing near adequate, and the founders were fabricating asset lists (and desperately chasing new investors). The coins were gone, folks. Your coins were gone. That’s why bankruptcy happened. (4) bankruptcy dollarizes claims; this is not new or controversial. Ok that’s it. Nothing more needs to be said. I remain thankful that a very talented group of professionals were able to get involved and recover the level of assets they have recovered. I don’t take a view on the fees they charged. Not my call. Thank you for your attention to this matter. If you want to indulge in this fresh narrative construct - please demand at least a bit of intellectual honesty.

@ChazzonKe @CelsiusNetwork @IonicDigital ^this is what makes you a good man.

@DanielFCelsius @CelsiusNetwork @IonicDigital I have always said, I would have preferred to be wrong. That would have been the best outcome for ya'll. It does not bring me any joy to be right here. I want everyone to recover, in a legitimate and honest manner.

I've never been shy about my opinion about matters involved with @CelsiusNetwork and @IonicDigital. Some folks seem to forget how this started and why I continue to engage with the victims and advocate for them even with my limited voice. This is a massive post. But figured I'd spell it all out. In 2022 I was asked to help a adhoc group clean, scrub, and make usable the PDF Celsius gave to the adhocs for accounts and balances containing over 14,700+ pages of intermingled, merged, and basically unreadable data. I spent weeks creating a custom powershell script that converted that into a usable, functional data base for the adhoc, which I also shared with other groups pursuing their own adhoc claims. This master document became the basis for which @devDapps used create the interactable website, which allowed everyone free and open access to the data I cleaned for victims, which @CelsiusNetwork never actually provided a usable document to victims till even the bitter end. I'll forever be grateful for Daps putting the data I scrubbed to such use for victims. Over the duration of the Ch.11 I've provided aid and assistance to hundreds of victims directly. To help determine preference exposure long before the LOC or the UCC sent out collection letters so they could financially prepare almost a year in advance. Helped them trace transactions, and balance history, helped them collect their data for taxes, etc. Also during the Ch.11 I worked diligently to provide clean and accurate reporting on the financial statements, offering condensed and easy to understand explanations for those who didn't speak English well, and at times spent hours discussing matters through translation tools to help folks understand the situation as it involved them. I provided consistent reporting on their BTC mining, production reports, estimates on values, and estimated future revenues. Consistently landing well within industry standard margin of error or better. I provided adhocs and pro-se insight and data for their filings directly or was used indirectly. Consistently raising issues about false or misleading statements by @CelsiusNetwork throughout the Ch.11. Primarily on cost basis being inaccurate, energy rates being falsified, and a host of other glaring omissions. The Examiner report, which I covered on release validated those concerns I had, proving without a shred of doubt as she provided the invoices that Celsius mining was in-fact paying substantially over their reported cost basis by an order of magnitude. I've spent months reviewing every plan or revised plan the UCC and Celsius provided and which eventually got approved by a vote. I laid out substantial concerns about profitability, leadership structure, operational issues, environment / permit issues, and the absurd revenue/profit projections which had been so outlandish to be criminal. In Aug of 2023, They laid out this plan summary, and I blasted them for thinking the network hashrate was going to be just 307 EH/S in Sept 2024, and 374 in Sept 2025. It was grossly negligent and substantially misaligned the estimates which anyone on twitter in crypto could have spotted. Their Revenue estimates for Sept 2024 off by just -$175 million and their Sept 2025 Estimate was off by -$327 million. All glaring issues I raised substantial concerns about, and provided substantial evidence supporting my stance and opinion. But when those concerns got brought up in court the UCC led by Scott & Tom (Now board members) and Celsius got Judge Glenn to slam down on objections and push this through. Shocking nobody who actually follows me, my concerns for @IonicDigital have landed basically spot on. Don't even get me started on these revenue estimates, which mind you didn't include selling out the only major asset one just spent $100 million building, only for it to be gutted, shredded, and converted into a new facility. But they won't even hit the FY24 best case based on pure revenue play. I've helped out hundreds, and potentially thousands understand the process. As is always the case, a few loudmouths come out, claim I am negative, and tell me to fuck off. But here is the rub. I've listened to victims losing their homes, losing loved ones, losing retirements, and been a shoulder to lean on. Yes, I don't mince my words, and yes I can be brash and blunt. However; I have not, and will never blow smoke up your ass. The victims of @CelsiusNetwork have already suffered because of unsupported puffery causing their losses, they've suffered from the UCC providing unrealistic, and absurdly inaccurate estimates about what @IonicDigital would be in FY24, FY25, etc, and ya'll still can't trade a single share. So yea, I am going to stay around. Cause there are very few people involved who will fight for your voices to be heard, to share your concerns, and to continue to fight for transparency, accountability, and your rights. To the recent person who told me to fuck off and leave. Maybe, you should have used your platform of 23+ thousand followers to fight for your rights. Imagine having just 17 posts over 3 years discussing Celsius, and 2 since 2025 discussing Ionic (One telling me to fuck off). And yet telling me who's put substantially more effort into advocating for victims rights, that I should leave. If one does not actually care enough to fight for themselves, why should they feel entitled to tell someone who is to leave?

@ChazzonKe @CelsiusNetwork @IonicDigital Being honest, I thought it would end up being somewhere between what you estimated, and what the plan stuff said (granted, I expected it far closer to you than the rather delusional predictions they had)

I just viewed everything holistically. It's understandable that many victims had their focus set on the day to day as their recovery was more associated with current affairs vs modeling or considering past, present, and future events. Being on the outside helping, I was able to focus on the whole and create my modeling based on all aspects while looking at comparable's. I take no pleasure in how close my predictions have landed, but I am really really hoping we can get some insight into matters and what they are actually planning to use this future cash flow for.

@bytethebit Sorry best we can do is transferring the whole settlement to be spent on upgrading Ionic mining + salaries. /s

Now that Tether has settled what would really make my day is getting liquidity for Ionic shareholders.

@DexterTheDuck3 @ChazzonKe ^ billions was always a pipe dream.

@ChazzonKe I agree. I feel bad for the people who believed the lemons, who said 4 billion. 300M should be a nice recovery. What was our last two distrubution? 500M and 189M? Something like that?

🎊 This is fantastic for creditors of Celsius still recovering. A $299 million settlement with Tether. Substantially lower than the small minority of folks telling victims they'd receive billions, but also I'll admit more than I was expecting based on recent legal deference towards Tether and paolo. I was expecting them to bleed this out. But this is incredible news.

@elveton101 @DegenPanda_X WE ALL learned that the hard way. Lowkey it went better than expected.

@DegenPanda_X Risk/reward is the name of the game Winning lawsuits against people with infinitely more money than you is an uphill battle…as I’ve learned the hard way 😂😂

Some simple math for those that might be disappointed based on their own unreasonable expectations This is a preference claim, which are currently being settled for like 15 cents on the dollar so lets say you go the full 5+ years to litigate this out, somehow win on the same arguments that Glenn ruled against the borrowers for...and are awarded the full $4.3B Then you subtract the principal which is $800m so that leaves a $3.5B claim. At 15% settlement rate for preferences, you're looking at like a $500m settlement.....which Tether will most definitely appeal and drag out even further.... So you could go almost a decade, spend idk, maybe $100m in legal fees and your best outcome is like $500m before expenses Which will be paid out in cash......when btc is going to be trading at $1m+ in 2035 lol This is a HUGE victory. I dollar in hand today is going to be worth a whoooooooole lot more than a dollar in the future. Lesson learned. Buy bitcoin, learn self custody, and don't get trapped in anymore shitcoin casinos.

@elveton101 @DexterTheDuck3 I’m just saying…. If Kirkland was the one arguing for in kind maybe it would have gone differently 🤷🏻‍♂️

@DexterTheDuck3 Even if we win, it ultimately becomes a preference against them The attorneys argued for in kind compensation but so did every other creditor and Glenn wasn’t having it lol

A year later @IonicDigital has demonstrated it has vastly different priorities than its shareholders. If they believe they have been laser focused, maybe they need bifocals.