Discussion

• @newyorkstateag Ny Ag on x

  I'm suing the former CEO of cryptocurrency platform @CelsiusNetwork for defrauding investors out of billions of dollars. Alex Mashinsky lied to people about the risks of investing in Celsius, hid its deteriorating financial condition, and failed to register in New York.

• @nickdrakon Nick Drakon on x

  Mashinsky should be in prison. Those who defended him during the #CELshortsqueeze have egg on their faces. https://twitter.com/...

• @epsilontheory Ben Hunt on x

  BlockFi is next. Eventually, the management, board members and promoters of every single one of these crypto earn programs are gonna be sued. Hopefully into oblivion. https://twitter.com/...

• @kadhim @kadhim on x

  NYAG says Celsius lent Alameda $1bn against FTT collateral, and also lent substantial amounts completely uncollateralised despite Mashinsky's public assurances https://ag.ny.gov/... https://twitter.com/...

• @frances_coppola Frances ‘Cassandra’ Coppola on x

  NYAG: Celsius lent $1bn to Alameda against collateral constisting largely of FTX's token FTT. https://t.co/gLKqmRmgeK https://t.co/AGPQuNUMf3

• @peterschiff Peter Schiff on x

  What took so long? Exactly what Mashinsky has been accused of doing was so obvious that it only took me a few minutes during a live debate over a year ago to figure it out. Had authorities acted sooner investor's losses would have been greatly mitigated. https://www.zerohedge.com…

• @pandacryptoreal @pandacryptoreal on x

  6/6 The lawsuit accuses Mr. Mashinsky of violating the state's Martin Act, a broad law used to combat securities and commodities fraud, and a state general business law that allows the attorney general to investigate fraud. Source: https://www.wsj.com/...

• @thestalwart Joe Weisenthal on x

  “One New York resident mortgaged two properties to invest with Celsius. A father of three lost his life savings of more than $375,000. A disabled veteran lost his investment of $36,000, which had taken him nearly a decade to save up.” https://ag.ny.gov/...

• @newyorkstateag Ny Ag on x

  Mashinsky tricked hardworking people into investing their life savings into Celsius, promising big financial returns and claiming the platform was safer than a bank. Instead, Celsius collapsed and New Yorkers were left in financial ruin.

• @camcrews Cam Crews on x

  Thank you @NewYorkStateAG for such a wonderful start to 2023 👏 👏 https://ag.ny.gov/... https://twitter.com/...

• @mkolken Matthew Kolken on x

  New York has sued Alex Mashinsky, co-founder and former CEO of cryptocurrency lending platform Celsius Network LLC, for defrauding hundreds of thousands of investors out of billions of dollars worth of cryptocurrency. https://ag.ny.gov/...

• @kr00ney @kr00ney on x

  Celsius founder/ ex-CEO Alex Mashinsky sued by NY AG for defrauding investors “Mashinsky promoted Celsius as a safe alternative to banks while concealing that Celsius was actually engaged in risky investment strategies” https://twitter.com/...

• @frances_coppola Frances ‘Cassandra’ Coppola on x

  NYAG: In May 2022, when Celsius was already insolvent and suffering a bank run that eventually proved terminal, Mashinsky was actively recruiting new depositors by offering financial incentives for referrals from existing customers. https://twitter.com/...

• @frances_coppola Frances ‘Cassandra’ Coppola on x

  NYAG: On 16th May 2022, Mashinsky falsely told investors that Celsius was solvent. In fact its liabilities exceeded its assets by $820 million. https://t.co/CnVjDGYvLb

• @petersterne Peter Sterne on x

  BREAKING: New York State Attorney General sues former CEO of bankrupt crypto lending firm Celsius for fraud, wants him barred from doing business in NY https://ag.ny.gov/...

• @hannahdlang Hannah Lang on x

  The NY AG alleges Mashinsky “repeatedly made false and misleading statements about Celsius's safety to encourage investors to deposit billions of dollars in digital assets onto the platform.” More info here: https://ag.ny.gov/...

• @ahcastor Amy Castor on x

  The NYAG is suing Alex Mashinsky for defrauding investors. “As the former CEO of Celsius, Alex Mashinsky promised to lead investors to financial freedom but led them down a path of financial ruin,” said Attorney General James." https://t.co/RZAK4VnTbn