Daniel Frishberg

I’m a Pro Se filer (a creditor) in the Celsius Bankruptcy. I’m incognito elsewhere and want to stay that way :). Everything posted here is my opinion NFA/NLA

[Daniel Frishberg @DanielFCelsius]

@ChazzonKe @cturnbull1968 It’s also not accounting for the 100s of billions in damages the US suffered due to trumps war in Iran. ~75b in military stuff and the rest is harder to monetize (countries aren’t going to buy weapons from us, after we once again delayed deliveries of already paid for stuff).

[Daniel Frishberg @DanielFCelsius]

@ChazzonKe Don’t forget the non direct benefits like being in congress (insider trading + a bunch of doors get opened when you’re in congress. Like a congressional support desk for airlines etc).

[Johanna Nyman @JohannaNyman5]

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.

[Daniel Frishberg @DanielFCelsius]

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

[Daniel Frishberg @DanielFCelsius]

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

[Federal Reserve @federalreserve]

Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX

[Keith @ChazzonKe]

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

[Keith @ChazzonKe]

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.

[Keith @ChazzonKe]

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.

[Keith @ChazzonKe]

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)

[Daniel Frishberg @DanielFCelsius]

@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?)

[Daniel Frishberg @DanielFCelsius]

@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*”.

[Daniel Frishberg @DanielFCelsius]

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

[Daniel Frishberg @DanielFCelsius]

@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)

[Daniel Frishberg @DanielFCelsius]

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

/s

[Daniel Frishberg @DanielFCelsius]

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

[Keith @ChazzonKe]

🎊 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.

[Daniel Frishberg @DanielFCelsius]

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

[Daniel Frishberg @DanielFCelsius]

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

[Tony V @elveton101]

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.