Alex Mashinsky, Ex-CEO of Bankrupt Celsius, Arrested (bloomberg.com) 21
The former chief executive officer of bankrupt crypto lender Celsius Network was arrested following a probe into the company's collapse, Bloomberg reported Thursday. From the report: The arrest took place Thursday morning, according to the person, who asked not to be identified because the criminal case isn't public. The Securities and Exchange Commission also filed a lawsuit against Mashinsky and the company Thursday, according to court records. Celsius was one of several high-profile crypto firms that imploded last year. The company gained popularity paying high interest rates on digital-asset deposits. But following the collapse of the TerraUSD stablecoin and a downturn in the digital-asset markets the company was left with a giant hole in its balance sheet and unable to meet an influx of customer withdrawals.
Dying of schadenfreude (Score:1, Flamebait)
There's warm fuzzy feeling in my heart knowing certain Slashdotters probably got caught up in all these scams.
Re: (Score:2)
Schadenfreude, Celsius (Score:2)
Where do they think we are? Yurope?
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How's this news? (Score:4)
correction (Score:2)
Everyone at the executive level is a crook. Some haven't been caught yet.
Re: correction (Score:2)
Poor men! Poor women!
The Rich are using the World as Muscle⦠against You!
So what are you going to do about it? Just sit there? Of course not! Youâ(TM)re going to join the National Communist Poor Peopleâ(TM)s Party!
Not surprising... (Score:2)
that crypto firms are imploding! Crypto currency has been incredibly volatile the last few years and trending downwards in value.
https://www.fool.com/investing... [fool.com]
What is crazy is how irresponsible the executives of these firms have been given the market conditions.
Could we agree on something? (Score:5, Insightful)
Can we only get cryptostories that do NOT deal with scamming, embezzling and general criminal behaviour?
That way, I guess the number will approach zero. Not that I'd mind.
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How about we don't just exclude? Let's "include" stories where the people involved behaved in an honest, forthright, and ethical manner.
Might net out near the same though...
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Every crypto story is about scamming, what are you talking about?
Crypto has always been a scam.
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Hush! With a hint of luck someone will pick up on the idea and we don't have to hear about shitcoins anymore altogether.
Criminal case not public? Huh? (Score:1)
because the criminal case isn't public.
Um, huh? I thought arrest records in the United States were a matter of public record. Well, except maybe cases in the military or cases that involve state secrets, but for ordinary civilian financial malfeasance? The arrest record should be public.
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Well, if I'm wrong, I'll chalk that up to "you learn something new every day" and move on.
Re:Criminal case not public? Huh? (Score:4, Informative)
Re: Criminal case not public? Huh? (Score:1)
yeah, facts are for nAggers. also they hurt people's feelings and inhibit speculation and thereby are an elitist attack on liberty and freedom of real Men. no one likes facts because they mostly get in the way, which is why theyâ(TM)re worthless and their value can only be enforced through statist censorship.
Thank you John Oliver? (Score:2)
NO! (Score:2)