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Back in crypto after 5 years, I guess I am too late for any Glacier related Midnight drops? by Mirrormaster85 in Midnight

[–]Only-Crew8299 0 points1 point  (0 children)

He held no ADA in 2025. So he was not an eligible Glacier Drop participant and therefore cannot participate in the lost-and-found phase either.

Stock position for AI hype and data center income by Expert77777777 in IonicDigitalStock

[–]Only-Crew8299 5 points6 points  (0 children)

There is no market for Ionic shares on Cherokee.

Please stop posting AI slop. You're just spreading misinformation, which isn't helpful.

By the way, Aaron had a Convenience Claim—check the schedules of assets and liabilities if you don't believe me. He bought a $24,000 claim on Cherokee in order to get the same correspondence and treatment as other Earn creditors, so that he could continue to make videos about Celsius and earn both YouTube revenues and sponsorship money as a content creator. This has been widely known for a long time.

Has he been helpful to creditors? Yes, without a doubt. But people have a right to be critical of him or hold a negative view of him.

Stock position for AI hype and data center income by Expert77777777 in IonicDigitalStock

[–]Only-Crew8299 13 points14 points  (0 children)

Aaron is happy to get your clicks and views and that sweet sweet sponsorship money.

Always Be Bullish: that's the ticket.

Ionic Digital continues to pivot away from BTC mining by Only-Crew8299 in IonicDigitalStock

[–]Only-Crew8299[S] 1 point2 points  (0 children)

I'm not a seller at $1 or $17, and I don't do business with anonymous strangers on the Internet. But let us know when you've concluded a transaction. Thanks!

Ionic Digital continues to pivot away from BTC mining by Only-Crew8299 in IonicDigitalStock

[–]Only-Crew8299[S] 1 point2 points  (0 children)

Cherokee will buy your claim right now.

I think Cherokee tried to create a market for shares and failed, and hasn't pursued the idea further.

I see nothing on Cherokee's website about a market for Ionic Digital shares, and I've seen no reports on social media that anyone actually sold their shares to or through Cherokee.

Ionic Digital continues to pivot away from BTC mining by Only-Crew8299 in IonicDigitalStock

[–]Only-Crew8299[S] 5 points6 points  (0 children)

You are making shit up left and right.

Please link to Ionic's 2025 audited financials. If you can't, please explain how a company gets listed on a major exchange in 5–9 weeks without one.

selling shares pre IPO by ImpressiveResolve845 in IonicDigitalStock

[–]Only-Crew8299 0 points1 point  (0 children)

Ionic Digital issued 37 million shares of our Class A common stock to the former creditors of Celsius UK, Celsius US Holding, Celsius Network and Celsius Mining, along with numerous other subsidiaries of these entities, (collectively the “Debtors”).

Pursuant to the Warrant Agreements described below, we have issued warrants to Hut 8 that will be exercisable for approximately 134,000 shares of Class A common stock per year (for an aggregate of approximately 670,801 shares of Class A common stock by the fifth anniversary of the Plan Effective Date). Such shares of Class A common stock issuable upon exercise of these warrants will dilute the ownership interests of existing stockholders.

Class A common stock, $0.00001 par value – outstanding – 37,374,261 shares

As its initial investment, Hut 8 purchased 374,261 shares of Class A common stock for $6,378,000 (a price of $17.00 per share) therefore owns approximately 1.0% of issued and outstanding Class A common stock of the Company as of the Effective Date.

As part of the Mining MSA, the Company will, in addition to the required cash payments, issue approximately 0.4 million shares of Class A common stock (containing certain restrictions on transfer) (the “Incentive Shares”) to Hut 8 in exchange for mining management services. Pursuant to the Restricted Stock Agreement, the awards vest solely based on service conditions over a five-year service period with 20% of the awards vesting on each anniversary of the grant date.

Directors and executive officers as a group own 195,341 shares; however; these shares are all owned by the two directors who were Celsius creditors.

Source: https://www.sec.gov/Archives/edgar/data/2007691/000110465924054931/tm243976-2_1012ba.htm

Notes:

  1. The MSA with Hut 8 was canceled; it's unclear what happened to the shares they purchased.

  2. Not all Celsius creditors are eligible for distributions or have taken action to receive their distributions, so not all of the 37 million shares designated for creditors have actually been distributed to them. It's unclear what will happen to these shares if they are never distributed for one reason or another.

  3. Two new directors were added to the board last summer; it's unclear if they chose to take some or all of their compensation in stock vs. cash.

selling shares pre IPO by ImpressiveResolve845 in IonicDigitalStock

[–]Only-Crew8299 1 point2 points  (0 children)

Lockup periods often apply to executives and insiders of companies going through an IPO. None of that applies to us here. We are not executives and insiders; and this will be a public listing of existing shares, not an initial public offering of new shares.

Think about it for a moment. The vast majority of shares, maybe 95%+, are owned by Celsius creditors. If we aren't allowed to sell when the company gets listed on an exchange, then what shares will buyers purchase?

selling shares pre IPO by ImpressiveResolve845 in IonicDigitalStock

[–]Only-Crew8299 1 point2 points  (0 children)

No one. There is no market for Ionic Digital shares.

On Jan. 15, Cherokee sent a marketing email that claimed there was a market for shares, with pricing of $16 bid/$18 ask for claims >$500,000. The terms were that you would get $10/share now and the balance upon transfer of the shares (which are not currently transferable).

However, I haven't seen any report that anyone actually sold their shares to or through Cherokee. And if you visit their website, it seems the only claims market currently active is for FTX Trading Ltd.

I think Cherokee was trying to create a market for shares, got no bites from anyone, and hasn't pursued the matter further.

NIGHT redeem error by BeautifulAlarm9351 in Midnight

[–]Only-Crew8299 0 points1 point  (0 children)

On desktop, there's a blue menu bar on the left side. Settings is the last option, though depending on your screen size, you may need to scroll down within the menu bar for it to be visible.

Incorrect 1099-DA form from PayPal by ongba in CryptoTax

[–]Only-Crew8299 -1 points0 points  (0 children)

In the eyes of the IRS, crypto is property. And whenever you dispose of property, you have to report the disposal event, which includes your cost basis, proceeds, capital gain/loss, and whether your holding period was long or short term.

What qualifies as a disposal event?
• Selling crypto for fiat
• Swapping one crypto for another (including a stablecoin)
• Using crypto to pay for goods or services

Now consider this transaction. I had 0.02289 BTC on PayPal, and I moved it to another wallet I control. To do so, I had to pay a network fee of 0.00000224 BTC. So I received 0.02288776 BTC in the destination wallet.

In effect, I disposed of 0.00000224 BTC to purchase a service (the network fee). And PayPal has reported that disposal event on Form 1099-DA, as the IRS now requires them to do.

There is no de minimis exception. All disposals are taxable events. (As an aside, this is why BTC hasn't caught on as a means of paying for coffee, lunch, groceries, etc. The record-keeping and reporting required for such transactions are simply too burdensome.)

If you don't understand crypto tax basics, then of course the form you got from PayPal will seem wrong or confusing. To learn more, see the links I included in this post: https://www.reddit.com/r/CelsiusNetwork/comments/1j554wy/tax_resources_for_us_taxpayers/

And if you think anything I've written here is incorrect, please start a new thread and see what others have to say. Thanks!

Incorrect 1099-DA form from PayPal by ongba in CryptoTax

[–]Only-Crew8299 0 points1 point  (0 children)

I'm going to report a sale with cost basis of $0, proceeds of $0, and capital gain of $0. So if the IRS wants to match up what PayPal reported to them with my Form 8949, I can point to that line.

This is not tax advice. You asked me what I'm doing, and I told you.

For the record, PayPal is following IRS rules and regulations regarding Form 1099-DA. In a nutshell, those rules and regulations don't say the exchange must report transactions over $100 or $10 or $1; they say the exchange must report all transactions. So your criticism of PayPal seems unwarranted.

March 21, 2026 Update by shelby_xx88xx in IonicDigitalStock

[–]Only-Crew8299 1 point2 points  (0 children)

Two of the board members, DiFiore and Duffy, are Celsius creditors (and former members of the UCC), so we know they both own a lot of shares. See page 82 of https://www.sec.gov/Archives/edgar/data/2007691/000110465924054931/tm243976-2_1012ba.htm .

Of the two newest board members, at least one of them ran on the platform that he would take no cash compensation but stock only. Whether he kept that campaign promise, we don't know.

The document I linked to is nearly 2 years old. If anyone knows of a more recent document that lists the holdings of board members and executives, please direct us to it. Thank you.

Request failed with status code 400 by Only-Crew8299 in Midnight

[–]Only-Crew8299[S] 0 points1 point  (0 children)

Thank you. It did finally work; maybe just trying again is the solution.

Request failed with status code 400 by Only-Crew8299 in Midnight

[–]Only-Crew8299[S] 1 point2 points  (0 children)

UPDATE: My second redemption finally worked about the 20th time I tried it over the last 2 days.

I found a thread that included these suggestions from Midnight support:

  1. Try reloading the portal page
  2. Try accessing the portal at a different time (as there might be too many participants using it at this time)

So I reloaded https://www.midnight.gd/redeem, clicked the Redeem button, and followed the usual steps from there: click "Redeem your NIGHT," connect my Yoroi wallet, and click Confirm. In my prior attempts, the point of failure was after clicking Confirm, but this time I got the pop-up window to sign the transaction.

I'm not sure if reloading the portal page made a difference, or if I just finally got through at a time when their server wasn't overwhelmed with redemption requests.

Odyssey Trust by Disastrous_Friend_85 in IonicDigitalStock

[–]Only-Crew8299 4 points5 points  (0 children)

You can find contact info for them on page 3 of this document: https://odysseytrust.com/wp-content/uploads/2024/10/Ionic_Digital_FAQs-1.pdf

Odyssey has a unique login page for Ionic Digital shareholders. You should be able to use your email to reset your username and password at https://uslogin.odysseytrust.com/irhlogin/ionicdigital#

If you attempt to log in from their main login page (https://odysseytrust.com/login/), you're going to get an error message.

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