RE: LeoThread 2024-12-04 12:23
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Celsius' Mashinsky finally admitted his fraud.
Dude ran one of crypto's biggest scams, promising the moon while secretly dumping $48M of tokens he swore he wasn't selling. Now facing 30 years after pleading guilty. He used customer money to pump CEL's price, then pulled out $8M right before freezing everyone else's funds.
That $4.7B bankruptcy left so many people hurting. Justice is finally catching up with these crypto bros.
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I'm sorry to say that I was also affected, although I managed to take out most of my holdings before things started to fall apart.
Personally, I don't think he intended to defraud people. I think he made the bad moves intending to save the business from crashing. And when things got bad, tried to save himself. Once things start cascading, it's almost impossible to fix. Once the crypto market started tanking, Celsius wasn't the only liquidation I experienced. Investing on margin can be unforgiving. His whole business was lending on deposits.
oh, then I was fed by the media. Thanks for the correction. Have to rethread this
No, it's my opinion. I have no way of knowing for certain.
This guy is one the worst. Hope he gets that 30
Really, someone else in the comment section claimed it was not entirely his fault.
Well, in that case whoever fault it was should receive that 30 year penalty 👍
😂
They surely will