The Plan For Ionic Shareholders To Escape With As Much Money As Possible

David Proman and Christian Wyatt of GXD Labs join the show to discuss their plan to fix Ionic Digital, return value to shareholders, and why the current board needs to go.

David Proman and Christian Wyatt of GXD Labs have been fighting for Celsius creditors since day one. As co-founders of the Blockchain Recovery Investment Consortium and current litigation administrators for the Celsius estate, they know the Ionic Digital situation better than almost anyone.

In this episode, they break down exactly what's gone wrong: a board with no relevant experience paying themselves $450,000 a year, a management contract with a direct competitor that virtually guarantees negative cash flow, and a string of decisions that have steadily eroded shareholder value.

Their message is straightforward. This isn't a turnaround story. It's a wind-down that needs to be executed well, quickly, and by people who actually know the assets. Whether that means selling the mining operations, distributing the Bitcoin, or running a full sale process, the goal is the same: get people their money back.

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This communication is provided for informational purposes only and does not constitute an offer to buy or sell, or a solicitation to buy or sell, any securities, financial instruments, or digital assets. The information herein reflects the views of GXD Labs as of the date of this release and is subject to change without notice. Certain statements may constitute forward-looking statements that involve known and unknown risks and uncertainties; actual outcomes may differ materially. GXD Labs does not guarantee the accuracy or completeness of information obtained from third-party sources.