HE TOOK $20 BILLION OF YOUR BITCOIN AND FROZE THE DOOR - NEW YORK JUST GAVE THE CELSIUS CEO A $35 MILLION PAYMENT PLAN HE MIGHT NEVER PAY
Alex Mashinsky promised 17% yields, sold Celsius as safer than your bank, then froze every withdrawal in June 2022. Bankruptcy followed with a $1 billion hole. Creditors have clawed back $3.4 billion out of a $20 billion pool.
His punishment on Friday: permanently barred from crypto, securities and commodities, plus 'up to' $35 million that only clears if he fails to hand Washington $10 million first. He is serving 12 years.
Meanwhile Ledger, Galaxy and S&P are rebuilding the same yield machine.
Who pays the next time a platform promises 17% on your stack?
https://loveisbitcoin.com/celsius-mashinsky-new-york-settlement-bitcoin-yield-trap/
⚡ loveisbitcoin.com
Coupon: LOVEISBITCOIN
https://loveisbitcoin.com/bull
Alex Mashinsky promised 17% yields, sold Celsius as safer than your bank, then froze every withdrawal in June 2022. Bankruptcy followed with a $1 billion hole. Creditors have clawed back $3.4 billion out of a $20 billion pool.
His punishment on Friday: permanently barred from crypto, securities and commodities, plus 'up to' $35 million that only clears if he fails to hand Washington $10 million first. He is serving 12 years.
Meanwhile Ledger, Galaxy and S&P are rebuilding the same yield machine.
Who pays the next time a platform promises 17% on your stack?
https://loveisbitcoin.com/celsius-mashinsky-new-york-settlement-bitcoin-yield-trap/
⚡ loveisbitcoin.com
Coupon: LOVEISBITCOIN
https://loveisbitcoin.com/bull
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