TL;DR
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Alex Mashinsky was just arrested! If you don’t know who that is, he’s the ex-CEO of the now defunct ‘crypto bank’ Celsius.
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Alex and others (allegedly) put customers’ money into high risk investments, while orchestrating “a scheme to inflate the price of Celsius’s proprietary token, CEL.”
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And let’s not forget the t-shirt thing!
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ICYMI: Celsius’ slogan was ‘Unbank Yourself’ – and after Celsius went under the Mashinsky family started promoting t-shirts that read ‘Unbankrupt Yourself.’ The nerve!
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Want some more breaking news!? Say. no. more.
Alex Mashinsky was just arrested!
If you don’t know who that is, he’s the ex-CEO of the now defunct ‘crypto bank’ Celsius.
Alex and others (allegedly) took customers’ money and used it to make high risk investments.
…and when that started to go south, it’s alleged that he and others orchestrated “a scheme to inflate the price of Celsius’s proprietary token, CEL.” In what appears to be an attempt to hide their losses.
But the most egregious act might have been the whole T-shirt thing.
(Ok, losing people’s money is worse – but the t-shirts thing wasn’t far off).
ICYMI: Celsius’ slogan was ‘Unbank Yourself.’
…and after Celsius went under the Mashinsky family started promoting t-shirts that read ‘Unbankrupt Yourself.’
The absolute nerve.
Anyway, he’s in jail now.
Happy Friday!
