😱Can you imagine? Alex Mashinsky, the founder of Celsius, who was once regarded as the "crypto banking pioneer", actually spent $8 million a week on fraud in order to manipulate the price of CEL tokens! Now, he pleads guilty to fraud and faces up to 30 years in prison!
🤔Mashinsky said in court: "I know I did something wrong and I am willing to do my best to make amends." But can this sentence really save the investors who suffered heavy losses because of him?
💸Back then, Celsius attracted a large number of users with its high interest rate returns, but as the market collapsed, a large number of users withdrew their funds, and Celsius also declared bankruptcy, owing more than $1 billion in debt. Behind all this, it turned out that Mashinsky manipulated the price of CEL tokens and misappropriated customer deposits!
😮What’s even more shocking is that Celsius’ former senior executive Roni Cohen-Pavon pleaded guilty as early as last year and revealed the shocking inside story that Celsius spent $8 million per week to maintain the token price! This is simply a huge scam!
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