Celsius Distributions | A Warning on Phishing Emails

Amid the ongoing distribution of cryptocurrency claims, confusion arises as Celsius creditors face a surge in phishing attempts. With many questioning the authenticity of the recent communication, the crypto community is on high alert.

What’s the Scoop?

Celsius Network, once a prominent crypto platform, declared bankruptcy in July 2022. Since February 2024, partial distributions from claims have been made, and most recently, the Third Distribution was announced on August 19, 2025. This has led to a recent uptick in suspicious emails claiming legitimacy.

Phishing Concerns

Many in the community—creditors and even non-creditors—have reported receiving emails that appear to be from Celsius but are in fact phishing attempts. "If you never had a Celsius account, then you're not a Celsius creditor," warns one user. The emails are designed to look official and often use misleading links to scam sites.

How to Identify a Scam

Beware of emails claiming distributions with a

unique code. Users have reported receiving the same code

across thousands of emails. This code does not provide access to the real Celsius Claims Portal. If you input this code on a fraudulent site, you risk losing your crypto assets through non-custodial wallet connections.

Legitimate Communications

For actual Celsius creditors, clarifications have been made regarding eligibility for the Third Distribution. Users emphasize that not everyone will receive these funds. In fact, many who had Convenience Claims under $5,000 may have already received their payouts and are not eligible for the new distribution.

"The real company wants to give you money. They aren’t making you hop through hoops."

Key Takeaways

• 🔴 A legitimate Celsius Claims Portal exists, but scammers are leveraging confusion.

• 📉 Only creditors who meet specific criteria will receive the Third Distribution.

• ⚠️ Be cautious about emails that do not come from verified addresses.

The Community Reacts

Feedback from the community ranges from relief to skepticism:

• "Got mine already, so it’s real!"

• “I never received a claim code despite changing my info.”

• “The mods are glad to bump this to the top.” Users are urged to remain vigilant and patient as the situation evolves.

The ongoing discourse highlights the necessity for diligence in the face of opportunistic scams. As more people explore the possibilities of cryptocurrency, staying informed and cautious is crucial.

What Lies Ahead for Celsius Creditors

There's a strong chance that more fraudulent emails will surface as the Third Distribution deadline approaches. Experts estimate around 60 to 70 percent of Celsius creditors may see further communications that are not affiliated with the legitimate Claims Portal. As the confusion continues, the crypto community must remain vigilant, particularly as scams become more sophisticated. The next few weeks will likely see the real Celsius increase communication efforts to clarify eligibility criteria and counteract scam attempts. If these efforts are effective, we could expect a more confident approach from the community, leading to a rise in legitimate claims processed and potentially restoring faith in the brand.

Parallels in Unlikely Places

If we look back to the infamous dot-com bubble of the late 1990s, we find a comparable scenario where the excitement around emerging technology led to massive investments and an equally massive amount of scams. Many consumers fell prey to fraudulent ventures promising riches, similar to today’s phishing scams within the crypto marketplace. Just as investors learned to separate the wheat from the chaff during that era, the crypto community now faces a learning curve that underscores the need for skepticism and discernment. Learning from history, the present situation with Celsius could offer valuable lessons in consumer caution and the importance of verifying sources before taking financial action.